1538 39th Avenue, Oakland, California 94601, Oakland, - bed, bath
ACTIVE$599,000
1538 39th Avenue, Oakland, California 94601
0Bed
0Bath
Sqft
6,850Lot
Year Built
1900
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41105325
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Huge investment potential for owner use or investors! First time on market in almost 30 years. Large victorian style duplex building size at 2,730 sq. ft. and approx. 1,365 sq. ft. per unit. A total of 5 bedrooms 2 bath. 2 bedroom 1 bath with a bonus bedroom in upper unit. 3 bedroom 1 bath in lower unit. Large lot size of 6,850 sq. ft. with spacious back yard that has potential to add an ADU to generate additional rental income. Wide, open parking area that comfortably fits 6+ cars offering easy access in and out. Long term and stable tenants of over 15 years without hassle to the current owner. Rents of each unit are $2,000 and $1950 in cash and always paid on-time. Convenient location, just one block from the busy International Blvd./E. 14th St with lots of shops, diners, grocery stores and bus lines.
Nearby schools
2/10
Global Family School
Public,•K-5•0.3mi
3/10
International Community School
Public,•K-5•0.8mi
5/10
Think College Now School
Public,•K-5•0.8mi
2/10
Horace Mann Elementary School
Public,•K-5•0.8mi
2/10
Allendale Elementary School
Public,•K-5•1.1mi
8/10
Edison Elementary School
Public,•K-5•1.2mi
3/10
Manzanita Seed
Public,•K-5•1.2mi
4/10
Fruitvale Elementary School
Public,•K-5•1.4mi
5/10
Glenview Elementary School
Public,•K-5•2.1mi
3/10
United For Success Academy
Public,•6-8•0.6mi
4/10
Urban Promise Academy
Public,•6-8•0.6mi
3/10
Melrose Leadership Academy
Public,•PK-8•1.1mi
4/10
Roosevelt Middle School
Public,•6-8•1.5mi
1/10
Roots International Academy
Public,•6-8•1.6mi
9/10
Lincoln Middle School
Public,•6-8•1.8mi
2/10
Bret Harte Middle School
Public,•6-9•1.8mi
6/10
Edna Brewer Middle School
Public,•6-8•2.1mi
2/10
Fremont High
Public,•9-12•0.4mi
3/10
Coliseum College Prep Academy
Public,•6-12•1.6mi
9/10
Alameda High School
Public,•9-12•1.8mi
4/10
Oakland High School
Public,•9-12•2.3mi
4/10
Skyline High School
Public,•9-12•3.3mi
2/10
Oakland International High School
Public,•9-12•4.6mi
Price History
Date
Event
Price
07/18/25
Listing
$599,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (11 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 6,850 | 5,045 | 92% |
| Price | $599K | $622K | 42% |
| Price per square foot | $0 | $0 | |
| Built year | 1900 | 9705973 | 8% |
| HOA | |||
| Days on market | 110 | 211 | 8% |
Condition Rating
Poor
Built in 1900 and described as 'first time on market in almost 30 years,' this property shows significant deferred maintenance and outdated features. The exterior has worn paint and damaged screens. The visible interior spaces, including the bathroom, feature very dated fixtures, old flooring, and basic lighting, indicating no major renovations in decades. Substantial repairs and rehabilitation are required for all major systems and cosmetic elements to bring the property to modern living standards.
Pros & Cons
Pros
Strong Income & Investment Potential: This duplex offers significant investment potential with two units generating a combined stable rental income of $3,950/month, suitable for both investors and owner-occupants.
ADU Development Opportunity: The large 6,850 sq. ft. lot features a spacious backyard with clear potential to add an Accessory Dwelling Unit (ADU), which could significantly increase future rental income and property value.
Established & Reliable Tenancy: The property benefits from long-term tenants (over 15 years) who consistently pay rent on-time in cash, indicating a stable and low-hassle income stream.
Ample Off-Street Parking: A wide, open parking area comfortably accommodates 6+ cars, a highly desirable and valuable amenity in an urban environment like Oakland.
Convenient Urban Location: Strategically located just one block from the bustling International Blvd./E. 14th St, providing excellent access to shops, diners, grocery stores, and public transportation.
Cons
Historic Property Age: Built in 1900, the property is over a century old, suggesting a high likelihood of outdated systems (e.g., plumbing, electrical) and potential for significant maintenance or renovation costs.
Below Market Rents: Current rents of $2,000 and $1,950 for the respective units are likely below current market rates for Oakland, potentially limiting immediate cash flow optimization for a new owner due to long-term tenancy.
Potential for Deferred Maintenance: Being on the market for the first time in nearly 30 years, there is an increased probability of deferred maintenance and necessary system upgrades that a new owner would need to budget for.