2869 38th Ave, Oakland, California 94619, Oakland, 94619 - bed, bath
ACTIVE$699,000
2869 38th Ave, Oakland, California 94619
0Bed
0Bath
Sqft
6,000Lot
Year Built
1915
Close
-
List price
$699K
Original List price
$799K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41096509
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $699.0K(44th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
Incredible Cash-flowing Opportunity for investor or someone looking to offset costs while living in one unit, while collecting rents. Three units are occupied, while one unit is vacant. 3 Buildings one One Lot! Three Units in the front building and one unit in the back. All separately metered. Potential value add: separate storage with fifth unit / ADU potential. Buyer to verify. Prime Location. Close to BART, restaurants, cafes, gyms, nightlife and more! Current Gross Rent Generated with Vacant Unit: 5500+ Projected Gross Rent Fully Occupied: 7700+
Nearby schools
2/10
Allendale Elementary School
Public,•K-5•0.1mi
3/10
United For Success Academy
Public,•6-8•0.7mi
2/10
Bret Harte Middle School
Public,•6-9•0.9mi
4/10
Urban Promise Academy
Public,•6-8•1.2mi
2/10
Fremont High
Public,•9-12•0.9mi
4/10
Skyline High School
Public,•9-12•2.3mi
2/10
Oakland International High School
Public,•9-12•4.4mi
Price History
Date
Event
Price
12/10/25
Price Change
$699,000-6.7%
09/16/25
Price Change
$749,000
05/07/25
Listing
$799,000
Condition Rating
Fair
Built in 1915, this property is over a century old. While the exterior shows signs of basic upkeep (like fresh paint), the listing explicitly identifies its age as a weakness, indicating a potential need for significant capital expenditures to update plumbing, electrical, and other major systems to modern standards. Without interior images, specific conditions of kitchens and bathrooms cannot be assessed, but it's highly probable they are outdated. The property is currently occupied and generating income, suggesting functionality, but it clearly requires substantial investment to modernize and address deferred maintenance typical of a building of this age.
Pros & Cons
Pros
Income-Generating Quadruplex: This property is a residential income quadruplex with three units currently occupied and one vacant, offering immediate cash flow and significant projected gross rent of $7,700+ when fully occupied, ideal for investors or owner-occupants.
Value-Add Potential: The property offers potential for value addition through separate storage conversion into a fifth unit or an Accessory Dwelling Unit (ADU), allowing for increased income and property value.
Prime Location: Situated in a prime Oakland location, the property boasts excellent proximity to public transit (BART), diverse restaurants, cafes, gyms, and nightlife, enhancing its appeal to tenants.
Separately Metered Units: All units are separately metered, which is a significant advantage for landlords as it simplifies utility management and reduces operating costs by shifting utility responsibilities to tenants.
Significant Price Reduction: The list price has been reduced by $100,000 from its original $799,000 to $699,000, presenting a more attractive entry point for potential buyers and indicating motivated sellers.
Cons
Age of Property: Built in 1915, the property is over a century old, which may imply the need for significant capital expenditures for updates to plumbing, electrical systems, and general maintenance to meet modern standards.
Vacant Unit: One of the four units is currently vacant, resulting in immediate lost income until a new tenant is secured and potentially incurring costs for turnover or renovation to prepare it for rental.
Lower-Rated Schools: Several nearby schools, including Allendale Elementary and Bret Harte Middle School, have lower ratings (2 out of 10), which could be a deterrent for families prioritizing top-tier educational institutions.