Duplex with Garage
For Sale
$585,000
1993 38Th Ave, Oakland, CA 94601
The two primary units provide three-bedroom and one-bedroom layouts, alongside a studio created from the garage.
Property Size1,333 SF
Price / SF$438.86
Days on Market351
Property Features for 1993 38Th Ave
General Information
Standard status
Active
Size
1,333 SF
Property subtype
Duplex
Site & Location
Neighborhood
Fruitvale
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA, 1 x Studio
Multifamily Units
3
Building Details
Building Size
1,333 SF
Year Built
1923
Buildings
2
Listing Agency:
Realty One Group Elite
Listed By:
Patrick McCarran · License #01325072
(925) 899-5536
Source:
Eastsidewest
Added: Nov 13, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Elite
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Investment Insights
Based on property information with market context.
Built in 1923, this duplex has a 1,333-square-foot property size and two primary residences: a front unit with three bedrooms and one bath, and a rear unit with one bedroom and one bath. A garage conversion provides additional studio space; its permit status is unknown. The sewer lateral complies with building codes.
A long driveway provides access or parking, and community space sits behind the second unit. The property is near Fruitvale BART, with freeway access and markets, shops, and banks nearby.
A long driveway provides access or parking, and community space sits behind the second unit. The property is near Fruitvale BART, with freeway access and markets, shops, and banks nearby.
Key Highlights
- Front unit has 3 bedrooms and 1 bath; rear unit has 1 bedroom and 1 bath
- Garage converted to studio; permit status unknown
- Property size: 1,333 square feet; built in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,572
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,440
$611.4K
Cap Rate 7%
$436,743
$436.7K
Cap Rate 9%
$339,689
$339.7K
Market Conditions
NOI Build-Up for 1,333 SF
Gross rent
$45.6K $34.20/SF
− Vacancy
−$1.9K −$1.44/SF
EGI
$43.7K $32.76/SF
− OpEx
−$13.1K −$9.83/SF
NOI
$30.6K $22.93/SF
Area
ZIP 94601
Vacancy
4.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,440
Cap Rate 7%
$436,743
Cap Rate 9%
$339,689
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The two primary units provide three-bedroom and one-bedroom layouts, alongside a studio created from the garage.
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: Front unit has 3 bedrooms and 1 bath; rear unit has 1 bedroom and 1 bath; Garage converted to studio; permit status unknown; Property size: 1,333 square feet; built in 1923
