Ad #7741220
MLS #41132978
2802 38th Avenue, Oakland presents a compelling mixed-use
2802 38th Ave, Oakland, California, 94619
$799,888
7Beds
4Baths
3,171Sqft
0.080Acres
About this property
2802 38th Avenue, Oakland presents a compelling mixed-use investment opportunity with immediate cash flow and strong upside potential. The property consists of three residential units-two 2BR/1BA units and one 3BR/1BA unit-along with one commercial space, providing diversified income streams and reduced vacancy risk. Currently generating approximately $7,500/month ($90,000+ annually), this asset offers solid in-place income with projected upside to $90,384+ annually. With tenants responsible for most utilities, operating expenses remain low, contributing to a favorable net operating income (NOI) profile. At an asking price of $788,999, the property is projected to deliver an attractive cap rate in the ~7% range (buyer to verify), making it a strong addition to any income-focused portfolio. Strategically located in the Allendale neighborhood, the property benefits from proximity to I-580, offering convenient access to Downtown Oakland and San Francisco. Nearby retail corridors along Fruitvale Avenue and MacArthur Boulevard enhance tenant demand and long-term rental stability. This is a low-maintenance, high-yield asset ideal for investors seeking cash flow, diversification, and long-term appreciation in a growing East Bay market.
Property Features
7 Beds
4 Baths
3,171 Sqft
Built in 1925
0.080 Acres
Covered, Carport, On Street
Siding: Concrete, Stucco, Frame, Wood Siding, Wood, Shingle Siding
Shingle Roof
Electric (Heating), Natural Gas
Alameda County
Allendale Community
Contact Information
Grace Nguyen
Realty ONE Group Future
510-304-0888
Location
Listing Agent: Grace Nguyen 510-304-0888
Broker: Realty ONE Group Future 925-487-4740 Listing Site
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Realty ONE Group Future 925-487-4740 Listing Site
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$799,888
7
Beds
4
Baths
3,171
Sqft
2802 38th Ave, Oakland, California, 94619
By contacting this agent you agree to these Terms and Conditions.
MLS# 41132978
2802 38th Avenue, Oakland presents a compelling mixed-use
$799,888
2802 38th Ave, Oakland, California, 94619
7
Beds
4
Baths
3,171
Sqft
0.080
Acres
$799,888
2802 38th Ave, Oakland, California, 94619
7 Beds
4 Baths
3,171 Sqft
0.080 Acres
2802 38th Avenue, Oakland presents a compelling mixed-use investment opportunity with immediate cash flow and strong upside potential. The property consists of three residential units-two 2BR/1BA units and one 3BR/1BA unit-along with one commercial space, providing diversified income streams and reduced vacancy risk. Currently generating approximately $7,500/month ($90,000+ annually), this asset offers solid in-place income with projected upside to $90,384+ annually. With tenants responsible for most utilities, operating expenses remain low, contributing to a favorable net operating income (NOI) profile. At an asking price of $788,999, the property is projected to deliver an attractive cap rate in the ~7% range (buyer to verify), making it a strong addition to any income-focused portfolio. Strategically located in the Allendale neighborhood, the property benefits from proximity to I-580, offering convenient access to Downtown Oakland and San Francisco. Nearby retail corridors along Fruitvale Avenue and MacArthur Boulevard enhance tenant demand and long-term rental stability. This is a low-maintenance, high-yield asset ideal for investors seeking cash flow, diversification, and long-term appreciation in a growing East Bay market.
15 days
on BeachHouse.com
25
views
0
saves
Property Details
HOME DETAILS
7 Beds
4 Baths
3,171 Sqft
Built in 1925
0.080 Acres
EXTERIOR
Covered, Carport, On Street
Siding: Concrete, Stucco, Frame, Wood Siding, Wood, Shingle Siding
Shingle Roof
INTERIOR
Electric (Heating), Natural Gas
FINANCIAL & COMMUNITY
Alameda County
Allendale Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7741220
Viewed
25 times
Listing Status
Active
Added
Jul 09, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
Contra Costa Association of REALTORS®
Source Property ID
41132978
Listing Agent: Grace Nguyen 510-304-0888
Broker: Realty ONE Group Future 925-487-4740 Listing Site
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Realty ONE Group Future 925-487-4740 Listing Site
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Request Information
Start advertising today
Explore options for real estate agents and homeowners advertising on BeachHouse.com
Sell Your Home
Explore Similar Properties
