2802 38th Ave Oakland, CA 94619
Allendale NeighborhoodEstimated payment $5,122/month
Highlights
- Corner Lot
- Cooling Available
- Garage
- No HOA
- Tile Flooring
- Wood Siding
About This Home
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 Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 3,493 Sq Ft Lot
- Corner Lot
Home Design
- Quadruplex
- Frame Construction
- Shingle Roof
- Wood Shingle Exterior
- Wood Siding
- Shingle Siding
- Stucco
Flooring
- Carpet
- Laminate
- Concrete
- Tile
Bedrooms and Bathrooms
- 3 Bathrooms
Parking
- Garage
- Carport
- No Garage
- On-Street Parking
- Uncovered Parking
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- No Home Owners Association
- 4 Units
- Allendale Subdivision
Listing and Financial Details
- Assessor Parcel Number 32205431
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/30/2026 04/30/26 | For Sale | $799,888 | 0.0% | $252 / 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 | View Prior Sale |
| 11/20/2024 11/20/24 | For Sale | $800,000 | -- | $252 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $495,000 | New Conventional | |
| Previous Owner | $90,000 | Commercial |
Source: Contra Costa Association of REALTORS®
MLS Number: 41132978
APN: 032-2054-031-00
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Bay East ©2026. BridgeMLS ©2026, CCAR ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, BridgeMLS or CCAR MLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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