$795,000
SOLD JAN 30, 2025
-- Bed
4 Baths
3,171 Sq Ft
3,493 Sq Ft Lot

Recently Sold

$251 Per Sq Ft

1% Below List Price

32 Days on Market

Highlights

  • Wooded Lot
  • Cooling Available
  • Hot Water Heating System
  • No HOA
  • Tile Flooring
  • Garage

About This Home

As of January 2025

Oakland’s 2802 38th Avenue is nothing short of a rare find. Split between two 2BR/1BA units, one 3BR/1BA unit, and one commercial space, this is a unique, blended property that will generate an astounding $7,500 per month from day one (with future income potential as high as $90,384). Nestled within the lively Allendale neighborhood, this property is a commuters delight; its proximity to I-580 makes accessing Downtown Oakland or San Francisco a breeze. Close to a collection of parks (Dimond Park, Joaquin Miller Park, etc.), schools (Allendale Elementary, Laurel Elementary, etc.), and the vibrant shopping of both Fruitvale Avenue and MacArthur Boulevard, tenants with families will especially love the versatility of this residence. From a property management standpoint, this is a no-frills investment that requires little in the way of regular expenses because tenants pay for all utilities (excluding garbage). Listed at a very modest $800,000.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 11/20/2024

Keller Williams Realty

Last Buyer's Agent

Grace Nguyen

Realty One Group Future License #01976505

Realty One Group Future

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,493 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Wooded Lot

Parking

  • Garage

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Wood Shingle Exterior
  • Wood Siding
  • Shingle Siding
  • Stucco

Flooring

  • Carpet
  • Laminate
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Hot Water Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 32205431

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Year Built: 1925
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Directions: SouthEast on Allendale Ave, Right on 38th Ave
  • Garage Yn: Yes
  • remarks11: TRANSPARENT PRICING. All Units, Unit 2800 (Commercial) , Unit 2802 (2Bd/1Ba), Unit 2808 (2Bd/1Ba) and Unit 2810 (3Bd/1Ba), are tenant-occupied and can be shown via private tour. Contact Joey at joeywang@kw.com to schedule a tour or with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7 County records reflects 2,400 sf while 3,171 is derived from third-party floor plans. Offers are reviewed as they come.
  • remarks22: Joey Wang - 510-592-4244 - Oakland’s 2802 38th Avenue is nothing short of a rare find. Split between two 2BR/1BA units, one 3BR/1BA unit, and one commercial space, this is a unique, blended property that will generate an astounding $7,500 per month from day one (with future income potential as high as $90,384). Nestled within the lively Allendale neighborhood, this property is a commuters delight; its proximity to I-580 makes accessing Downtown Oakland or San Francisco a breeze. Close to a collection of parks (Dimond Park, Joaquin Miller Park, etc.), schools (Allendale Elementary, Laurel Elementary, etc.), and the vibrant shopping of both Fruitvale Avenue and MacArthur Boulevard, tenants with families will especially love the versatility of this residence. From a property management standpoint, this is a no-frills investment that requires little in the way of regular expenses because tenants pay for all utilities (excluding garbage). Listed at a very modest $800,000.
  • Special Features: None

Interior Features

  • Flooring: Concrete, Laminate, Tile, Carpet
  • Window Features: Window Coverings

Exterior Features

  • Roof: Shingle
  • Lot Features: Level, Paved, Wood
  • Construction Type: Concrete, Frame, Wood Siding, Shingles, Siding - Stucco, Wood

Utilities

  • Heating: Electric, Natural Gas, Wall Furnace, Hot Water
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 3493
  • Parcel Number: 32205431

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2024
Closed on
Jan 28, 2025
Sold by
Cal Highland Oaks Llc
Bought by
Pham Diana Nguyen and Pham Hien Quy
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Grace Nguyen
Realty One Group Future
List Price
$800,000
Sold Price
$795,000
Premium/Discount to List
-$5,000
-0.62%
Views
28
Current Estimated Value
$773,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,117
Avg. Annual Appreciation
-2.88%
Original Mortgage
$495,000
Outstanding Balance
$357,412
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$416,471

Purchase Details

Closed on
Mar 21, 2017
Sold by
Mai Shaofang
Bought by
Cal Highland Oaks Llc

Purchase Details

Closed on
Oct 20, 2016
Sold by
Peng Zhihua
Bought by
Mai Shaofang

Purchase Details

Closed on
Oct 19, 2016
Sold by
Lau Kam Tat and Lau Oy Wah
Bought by
Mai Shaofang

Purchase Details

Closed on
May 7, 2015
Sold by
Lau Kam Tat and Lau Oy Wah
Bought by
Kam Tat Lau & Oy Wah Lau Revocable Trust

Purchase Details

Closed on
May 12, 1994
Sold by
Wu Hsien E and Wu Amy F
Bought by
Lau Kam Tat and Lau Oy Wah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $795,000 Fidelity National Title Compan
Grant Deed -- None Available
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $412,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Individual Deed $145,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $495,000 New Conventional
Previous Owner $90,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $800,000 -- --
01/30/2025 01/30/25 Sold $795,000 -0.6% $251 / Sq Ft
11/20/2024 11/20/24 For Sale $800,000 -- $252 / Sq Ft
Source: bridgeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,463 $546,297 $179,886 $366,411
2024 $9,463 $535,588 $176,360 $359,228
2023 $9,839 $525,087 $172,902 $352,185
2022 $9,479 $514,792 $169,512 $345,280
2021 $8,135 $455,680 $166,189 $289,491
2020 $8,042 $451,010 $164,486 $286,524
2019 $7,568 $442,170 $161,262 $280,908
2018 $7,414 $433,500 $158,100 $275,400
2017 $6,940 $412,000 $150,000 $262,000
2016 $3,985 $208,183 $64,608 $143,575
2015 $3,960 $205,057 $63,638 $141,419
2014 $3,969 $201,041 $62,392 $138,649
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: bridgeMLS

MLS Number: 41079333

bridgeMLS

APN: 032-2054-031-00