2612 38th Ave, Oakland, California 94619, Oakland, 94619 - bed, bath
2612 38th Ave
Oakland, California 94619
Property Price
SUMMARY
Analysis of 2612 38th Ave, Oakland, California 94619 is currently available with a list price of $750,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1940 and described as 'As-Is condition' with 'value-add potential,' this property shows its age. The interior images reveal dated kitchens with older wood cabinets, basic countertops, and a mix of appliances (newer range, older refrigerator). Bathrooms feature basic vanities and older tile work. Flooring is a mix of older-style ceramic tile and laminate. While functional and appearing maintained, the overall aesthetic and components are outdated, suggesting renovations were done 15-30 years ago or are very piecemeal, requiring minor to moderate updates to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multifamily Investment Opportunity
This fourplex is presented as an ideal investment, offering immediate income generation and long-term hold potential in the Oakland market.
- Stable Income with Value-Add Vacancy
Three units are currently occupied, providing secured in-place income, while the vacant corner unit offers immediate opportunity to achieve market rent and enhance cash flow.
- Prime Transit-Oriented Location
The property boasts excellent connectivity, situated near major commuter routes (I-580, I-880) and within walking distance to Fruitvale BART, ensuring strong and consistent rental demand.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in 'As-Is' condition, implying that the buyer will be responsible for any necessary repairs, renovations, or upgrades, which could lead to significant additional capital expenditure.
- Age of Property
Built in 1940, the property's age may indicate potential for deferred maintenance, outdated systems, or the need for substantial capital improvements in the near future to modernize and maintain its value.
- Recent Price Increase
The list price recently increased from $699,000 to $750,000, which could represent a higher entry cost for investors and potentially impact initial return on investment calculations.
About 2612 38th Ave
Presenting an investment opportunity at 2600–2612 38th Avenue, Oakland, CA. This is a well-located fourplex offering stable, in-place income and clear value-add potential. The property features four residential units on a spacious lot with designated parking. Three units are occupied for secured income. The corner unit is vacant for potential market rent. As-Is condition, this property is an ideal opportunity for investors seeking a cash-flowing, long-term hold or a value-add multifamily asset in the Oakland market. The location is highly convenient, situated near major commuter routes (I-580 and I-880) for efficient access throughout the East Bay. Residents also benefit from excellent transit connectivity, including the Fruitvale BART station within walking distance and multiple AC Transit routes, which supports strong and consistent rental demand.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1940
- Lot Size
- 3,591 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,076 | - | 88% |
| Lot Size | 3,591 | 3,882 | 25% |
| Price | $750.0K | $740.0K | 50% |
| Price per sq ft | $244 | $0 | 88% |
| Built year | 1940 | 1932 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 182 | 13% |
Pricing History
Listed for Sale
Jan 24, 2026
$750,000
$699,000
+7% Price Increase
Initial Listing
Price Change
Dec 29, 2025
$699,000
Initial Listing
Sold
Jan 29, 2010
$257,000
Public Record
Sold
Apr 24, 2001
$360,000
Public Record
Sold
Apr 17, 2000
$230,000
Public Record