2612 38th Ave, Oakland, California 94619, Oakland, 94619 - 0 bed, 0 bath
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Oakland, California 94619
This fourplex presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned well below the $749,891 Fair Market Value (effectively at market). Featuring a Fair Condition Rating (4/10), the property offers immediate value-add potential through the renovation of the vacant corner unit. With three units currently occupied, this Buy-and-Hold Asset provides stable cash flow while allowing for modernization. Its proximity to the Fruitvale BART station and major transit corridors ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2612 38th Ave Subject | $750,000* List Price | 0 | 0 | 3,076 | $244 | - |
A 2622 Kingsland Ave Sold | $946,000 | 0 | 0 | 3,300 | $287 | 0.9 mi |
B 3792 Angelo Ave Active | $860,000 List Price | 0 | 0 | 2,718 | $316 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940 with a kitchen renovation that appears to be over 20 years old (oak cabinetry and older tile). The exterior shows signs of wear and patching, and the 'As-Is' listing status with 'value-add potential' confirms the property is dated and requires modernization and minor repairs.
With one unit currently vacant, investors have the immediate opportunity to renovate and lease at current market rates, significantly boosting the property's gross income.
Situated near I-580, I-880, and within walking distance to Fruitvale BART, the property is ideally positioned to attract a steady pool of transit-oriented tenants.
Three of the four units are already occupied, providing immediate cash flow to cover debt service while the new owner implements improvements.
The property is being sold in its current state, which likely necessitates immediate capital expenditures for repairs or modernization due to its 1940 construction.
The 3,591 sqft lot is relatively small for a fourplex of this size, leaving minimal room for tenant amenities, additional parking, or future ADU expansion.
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 available for viewing and 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,076 | 2,073 | 75% |
| Lot Size | 3,591 | 3,882 | 38% |
| Price | $750.0K | $832.5K | 38% |
| Price per sq ft | $244 | $321 | 38% |
| Built year | 1940 | 1933 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 131 | 13% |
May 15, 2026
$750,000
Initial Listing
Jan 29, 2010
$257,000
Public Record
Apr 24, 2001
$360,000
Public Record
Apr 17, 2000
$230,000
Public Record