Property Detail

Description

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.