2006 38th Avenue

Oakland, CA 94601

$1,175,000
Last Sold Price
5
Beds
4
Baths
3,542 Sq. Ft.
$332 / Sq. Ft.
3,542
Sq. Ft.
$332
per Sq. Ft.

Description

Strategically located between I-580 and I-880, 2006 38th Avenue is a rare opportunity to acquire a turnkey 4 unit apartment building in the emerging Oakland Market. The asset features (1) Two Bedroom One Bathroom Unit, (3) One Bedroom One Bathroom Units, Five Off-street parking spaces, on-site laundry facilities and is sewer lateral compliant. In addition, tenants pay their own water. Tenants enjoy the convivence of on-site laundry and being in close proximity to mass transit. Offered at an attractive...Strategically located between I-580 and I-880, 2006 38th Avenue is a rare opportunity to acquire a turnkey 4 unit apartment building in the emerging Oakland Market. The asset features (1) Two Bedroom One Bathroom Unit, (3) One Bedroom One Bathroom Units, Five Off-street parking spaces, on-site laundry facilities and is sewer lateral compliant. In addition, tenants pay their own water. Tenants enjoy the convivence of on-site laundry and being in close proximity to mass transit. Offered at an attractive 5.38% CAP Rate/13.41 GRM and Pro Forma CAP Rate 6.02%/12.35 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside

Listing Agent

  1. Theodore Wong

    Theodore Wong

    Listing Agent

    Compass

    DRE #02016737

Property Details for 2006 38th Avenue

City
OAKLAND
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage Spaces
0
Garage/Parking
Off-Street Parking
Park Spaces Total
5
Total # Parking Spaces
5

Location

Listing Courtesy of Compass, Theodore Wong, DRE #02016737; Fifty Hills Real Estate, Brandon Tran, DRE #01926337

Sold By Keller Williams Benchmark, Abhi Indap, DRE #02061001

Add your commute
LISTING UPDATED: 03/25/2022 03:00 AM

Property Details for 2006 38th Avenue

StatusSold
MLS #40974309
Days on Compass96
Taxes$19,365 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1952
Lot Size0.12 AC / 5,415 SF
CountyAlameda County

Location

Listing Courtesy of Compass, Theodore Wong, DRE #02016737; Fifty Hills Real Estate, Brandon Tran, DRE #01926337

Sold By Keller Williams Benchmark, Abhi Indap, DRE #02061001

Add your commute

Building Information for 2006 38th Avenue

Stories-Residences4Year Built1952Building Size-Lot Size0.12 AC / 5,415 SF

Payment Calculator

$8,026 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,412

Property Taxes

$1,614

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2006 38th Avenue

Features
Feature Details
  • Flooring: Laminate
  • Laundry: Coin Operated
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
  • HOA Dues: $.00
Property Details
  • Additional Equipment: All Public Utilities, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Dual Pane Windows
  • Lot Description: None, Landscape Front
  • Lot Sq Ft Apx: 5415
  • Lot Size Square Feet: 5415.0
  • Roof: Unknown
  • Sq Ft Apx: 3542
  • Stories: 0.0
  • Yard Description: Front Yard
  • Year Built: 1952
  • Acres: 0.12
Location Details
  • Directions to Property: Google Maps
  • FIPS Code: 06001
  • Parcel Number: 32-2092-32-1
  • Printed Neighborhood Rpt: No
  • Board ID: BAY EAST
Multi Family Information
General Details
  • Units Total: 4
  • Basement: None
  • Parking Description: Off Street Parking
  • Existing Lease Terms: Written Agreement
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Estimated, Owner
Income / Expense Details
  • Annual Expense Year: 2021
  • Annual Taxes $: $19,365
  • Annual Gross Fee Income: $91,020
  • Annual Gross Sched Income: $91,020
  • Annual Miscellaneous Income: $420
  • Annual Rental Income: $90,600
  • Gross Oper Income (Act): $91,020
  • Net Operating Income: $65,335
  • Annual Insurance Expense: $1,800
  • Annual License Expense: $0
  • Annual Maintance Expense: $2,000
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $25,685
  • Annual Utility Expense: $600
  • Annual Vacancy Expense: $0
  • Other Annual Expense: $1,920
Unit 1 Details
  • Occupied By 1: Tenant
  • Dining Room 1: Yes
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 1
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Rent 1: 1850
Unit 2 Details
  • Occupied By 2: Tenant
  • Dining Room 2: Yes
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Rent 2: 1900
Unit 3 Details
  • Occupied By 3: Tenant
  • Dining Room 3: Yes
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 1
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Rent 3: 1900
Unit 4 Details
  • Occupied By 4: Tenant
  • Dining Room 4: Yes
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 2
  • Bathrooms 4: 1
  • Parking Spaces 4: 1
  • Rent 4: 1900
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: None
  • Total Deposits: 0
Income / Expense Details
  • Gross Rent Multiplier: $0
Other Financial Information
  • Cap Rate: 0.0
Additional Information
Additional Information
  • Fireplace: No

Property History for 2006 38th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2006 38th Avenue

Taxable ValueLand$359,550Additions$838,950Total$1,198,500
Tax Record2023$20,229 ($1,686 / month)
Home Facts
Total Finished SqFt3,542 SqFtAbove Grade Finished SqFt3,542 SqFtStories2Lot Size5,415 SqFtStyleQuadraplexYear Built1952CountyALAMEDAAPN32-2092-32-1

Schools near 2006 38th Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Global Family School
PublicK to 5

Urban Promise Academy
Public6 to 8

United For Success Academy
Public6 to 8

Fremont High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Theodore Wong, DRE #02016737; Fifty Hills Real Estate, Brandon Tran, DRE #01926337

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.