Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1983 38Th Ave Oakland, CA 94601

    View on Map
    Sponsored
    For Sale
    $799,000

    MULTI_FAMILY - Oakland, CA

    Property size:
    2,139 SF
    Lot size:
    0.14 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 5 at 10:06 am

    Property Features for 1983 38Th Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security
    Window features
    Double Pane Windows, Screens
    Rooms
    Basement, Bedroom 2, Laundry Room, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 4
    Bedrooms
    5
    APN
    32209112
    Parking
    3
    Parking features
    Tandem, Parking Lot, Off Street, Garage
    Interior features
    Updated Baths, Updated Kitchen, Shower Stall(s), Tub w/Shower Over
    Exterior features
    Back Yard, Front Yard, Garden/Play, Side Yard, Entry Gate, Garden, Landscape Back, Landscape Front, Yard Space
    Fencing
    Fenced, Gate
    Fireplace
    1
    Appliances
    Dryer, Washer, Gas Water Heater
    Size
    2,139 SF
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Wall Furnace, Natural Gas, Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1923
    Flooring type
    Hardwood, Tile, Carpet - Partial, Carpet, Wood, Vinyl
    Building materials
    Vinyl Siding, Wood Siding, Fiber Cement

    We can help!

    Listing Contact
    Gaylen Roberts

    TCGOB, Inc (510) 775-1079

    Listing agent Gaylen Roberts (510) 761-9536

    Listing date Mar 4, 2026

    MLS# 41125793 Listing URL

    Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Homes with Private Yards

    This property features two updated homes, each with its own private yard, situated on an oversized 5890 square foot lot. The front house, located at 1983 38th Ave, is a spacious 3-bedroom, 2-bathroom home featuring a primary en-suite bathroom, two additional bedrooms, an updated bathroom, an open concept floor plan, and in-unit laundry. It also has access to a spacious private yard. The rear house, located at 1985 38th Ave, is a newer construction 2-bedroom, 2-bathroom home with an open concept floor plan, a newer kitchen and dining room, and its own private access and yard. Both standalone buildings are filled with natural light and feature updated kitchens and bathrooms, recessed lighting, newer dual pane windows, fresh interior and exterior paint, newer water heaters, roofs, flooring, electrical, and plumbing. A long private driveway with tandem parking for three cars is available. Each house has separate laundry facilities. The large, flat, sun-filled backyard is suitable for gardening, hosting gatherings, and pets. The property is located close to shopping, restaurants, freeways, and businesses in the Fruitvale and Downtown Oakland areas. The property size is 2139 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.215458
    Latitude
    37.780234

    Nearby Similar for Sale

    • $1,198,000
      2,441 SF

      Oakland Mixed-Use Investment Opportunity

      Retail and residential income property for sale in Oakland.
      2600 Macarthur Blvd, Oakland, CA 94602
      View Details
    • $795,000
      2,070 SF

      Updated Duplex in Pill Hill

      Updated duplex with vacant units in Oakland's Pill Hill.
      2834 Summit St, Oakland, CA 94609
      View Details
    • $979,000
      3,100 SF

      Oakland Victorian Home with Income

      Victorian home with ADU and basement income potential.
      1725 96Th Ave, Oakland, CA 94603
      View Details
    • New
      $895,000
      3,972 SF

      Oakland Multifamily Property with Potential

      Five-unit building in Grand-Lake location with upgrade potential.
      832 Walker Ave, Oakland, CA 94610
      View Details
    • New
      $895,000
      3,972 SF

      Oakland Multifamily Property with Potential

      Five-unit building in Grand-Lake location with upgrade potential.
      830 Walker Ave, Oakland, CA 94610
      View Details
    • New
      $975,000
      1,840 SF

      Upgraded Duplex in Oakland

      Two-story duplex with upgraded units, ideal for homeowners or investors.
      6320 Shattuck Ave, Oakland, CA 94609
      View Details
    • $688,000
      1,155 SF

      Updated Duplex in Oakland's Ivywood

      Updated corner-lot duplex in Oakland, perfect for owner-occupant or rental.
      2178 107Th Ave, Oakland, CA 94603
      View Details
    • $689,000
      1,288 SF

      Renovated Multifamily Home in Oakland

      Turnkey multifamily property in a revitalizing Oakland neighborhood.
      1778 8Th St, Oakland, CA 94607
      View Details
    • $975,000
      3,300 SF

      Maxwell Park Fourplex with Income Potential

      Oakland fourplex with updated units and strong income potential.
      2622 Kingsland Ave, Oakland, CA 94619
      View Details
    • $899,000
      3,560 SF

      Oakland Fourplex with Development Potential

      Spacious fourplex in East Oakland with income and development potential.
      7448 Lockwood St, Oakland, CA 94621
      View Details
    • New
      $698,000
      1,906 SF

      East Oakland Duplex Near Colleges

      Duplex near Mills and Merritt Colleges with easy transit access.
      6504 Bancroft Ave, Oakland, CA 94605
      View Details
    • New
      $899,000
      2,729 SF

      Spacious Oakland Duplex For Sale

      Two-unit property with strong rental income potential in Oakland.
      2737 12Th Ave, Oakland, CA 94606
      View Details

    FAQs

    What type of property is this?
    Duplex - Two updated homes on one lot in central Oakland.
    Where is this duplex located?
    The property is located at 1983 38Th Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Two separate homes on one lot, each with private yards, offering flexibility.; - Both homes are updated with newer kitchens, bathrooms, flooring, paint, dual pane windows, water heaters, roofs, electrical, and plumbing.; - Spacious 5890 sqft lot provides ample outdoor space.
    (510) 761-9536
    Request Owner's contact information
    1983 38Th Ave Oakland, CA 94601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1983 38Th Ave
    Oakland, CA 94601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1983 38Th Ave Oakland, CA 94601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gaylen Roberts
    Real Estate License ID: 01885597
    (510) 761-9536 (510) 775-1079
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!