2802 38th Ave - Apartments FOR SALE


Oakland, CA 94619
$800,000 USD
510-592-4244
2802 38th Ave, Oakland, CA for Sale
$800,000 USD
Apartments - FOR SALE
1/8
null | 7.7% Cap Rate

2802 38th Ave
Oakland, CA 94619


HIGHLIGHTS

  • Split between two 2BR/1BA units, one 3BR/1BA unit, and one commercial space, this is a unique, blended property that will generate $7,500 from day one
  • Nestled within the lively Allendale neighborhood, this property is a commuters delight; its proximity to I-580 makes accessing nearby cities a breeze.
  • Tenants pay for all utilities (excluding garbage).

OVERVIEW

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 Due on Tuesday, December 3rd, by noon. 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.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

3

PRICE/UNIT

$266,667

CAP RATE

7.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,494 SF

ZONING

-

APN/PARCEL ID

032-2054-031-00

ASK ABOUT THIS PROPERTY

Joey WangKW CommercialMore Info
510-592-4244

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Joey WangKW CommercialMore Info
510-592-4244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.