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About the Listing CCBE-CCJR - CCBE-206536697
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.
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances: Gas Water Heater
- Air Cond:
- Heating: Electric,Natural Gas
- Fireplaces:
- Floor: Carpet,Concrete,Laminate,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Corner Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 1
- Roof:
- Others: Concrete,Stucco,Wood Siding,2+ Total Units
- Sewer:
- Parking Features: Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 32205431
- Tax Year: N/A
Payment Calculator
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2802 38th Ave Oakland, CA 94619
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