# 2802 38th Ave, Oakland, CA 94619

> **TL;DR:** 7bd/4ba residential multi family, $799,888 ($252/sqft), built 1925, 3,171 sqft.
> A/C. Est. $3,466/mo. Listed 32 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $799,888 |
| Price/sqft | $252 |
| Bedrooms | 7 |
| Bathrooms | 4 full |
| Square Feet | 3,171 |
| Year Built | 1925 |
| Lot Size | 3,494 sqft (0.08 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 32 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,466 |
| **Total** | **$3,466** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1925
- 0.08 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 2802 38th Ave, Oakland, CA 94619
- **County:** Alameda
- **Neighborhood:** Allendale
- **Coordinates:** 37.786236, -122.20537
- **Google Maps:** https://www.google.com/maps?q=37.786236,-122.20537

## Listing Agent

- **Name:** Grace Nguyen
- **Brokerage:** Realty ONE Group Future
- **Phone:** 5103040888
- **Email:** graceznguyen11@gmail.com

## Primary Photo

![2802 38th Ave - Primary Photo](http://lh.rdcpix.com/c2bd0a9ae25b096df39aa37dee4b19d8l-f2433682609r.jpg)

---

**MLS#:** 41132978 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/2802-38th-ave-oakland-ca-94619-41132978)

---

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