Duplex with Bonus Studio
1993 38Th Ave Oakland, CA 94601
1993 38Th Ave, Oakland, CA, 94601
$585,000
For Sale
$585,000
MULTI_FAMILY - Oakland, CA
Property Size1,333 SF
Lot Size0.15 Acres
Price / SF$438.86
Days on Market247
Property Features for 1993 38Th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4
- Parking features
- Garage, Parking Lot
- Exterior features
- Back Yard
- Standard status
- Active
- APN
- 32209110
- Size
- 1,333 SF
- Lot size
- 0.15 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1923
- Flooring type
- Wood, Vinyl
- Building materials
- Stucco
Listing Agency
Realty One Group Elite
(925) 978-1100
2530 Sand Creek Rd. Ste. B-4, Brentwood, CA
Listed by
Patrick McCarran · License #01325072
(925) 899-5536
Added: Nov 13, 2025 Checked: Jul 18 at 1:06 am
MLS# 41117325
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.
Investment Insights
Based on property information with market context.
This for-sale duplex includes a front unit configured as three bedrooms and one bathroom, with a back unit configured as one bedroom and one bathroom. The property also includes a bonus studio created from a garage conversion, with permits listed as unknown. A sewer lateral is noted as being in compliance with building codes.
The rear of the property includes additional space described as an opportunity to add more units, along with a cozy community space directly behind unit 2 and a long driveway that can support access and parking. The remarks also cite easy freeway access and proximity to Fruitvale BART, as well as closeness to multiple markets, shops, and banks.
The rear of the property includes additional space described as an opportunity to add more units, along with a cozy community space directly behind unit 2 and a long driveway that can support access and parking. The remarks also cite easy freeway access and proximity to Fruitvale BART, as well as closeness to multiple markets, shops, and banks.
Key Highlights
- Duplex layout with a 3‑bed/1‑bath front unit and a 1‑bed/1‑bath back unit
- Additional rear bonus space with a garage conversion to a studio unit (permits unknown)
- Room mix includes Bedrooms 1–5 across the property
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.6k | $34.20 |
| − Vacancy | −$1.9k | −$1.44 |
| EGI | $43.7k | $32.76 |
| − OpEx | −$13.1k | −$9.83 |
| NOI | $30.6k | $22.93 |
1,333 SF · lease $34.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.7K
$382.2K – $509.5K
NOI $30,572 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.0K
NOI $28,382 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$543.3K
$475.4K – $633.9K
NOI $38,034 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offering a 3-bedroom/1-bath front unit and a 1-bedroom/1-bath back unit plus a garage-converted studio.
Where is this duplex located?
The property is located at 1993 38Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Duplex layout with a 3‑bed/1‑bath front unit and a 1‑bed/1‑bath back unit; Additional rear bonus space with a garage conversion to a studio unit (permits unknown); Room mix includes Bedrooms 1–5 across the property
