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Renovated Lakefront Duplex with Studio
For Sale
$2,998,880

2038 2040 Lakeshore, Oakland, CA 94606

Renovated duplex with panoramic lake views, two 3-bedroom units, and a separate-entry studio on the lower level.

Days on Market130

Property Features for 2038 2040 Lakeshore

General Information

Standard status Active
Property subtype Multi-family

Additional Details

Multifamily Units 3

Building Details

Year Built 1932
Construction Mediterranean
Listing Agency: Realty ONE Group Future
Listed By: Tova Osborne
Source: Sevengables
Added: Mar 25 Changed: Jul 28 Last Checked: Aug 1 at 2:54AM

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 Future

Investment Insights

Based on property information with market context.

This renovated Mediterranean-style duplex offers a distinctive layout with pristine hardwood floors throughout. The property features a chef’s kitchen and tastefully remodeled bathrooms, supporting comfortable, modern everyday living. Both the upper and lower main units are currently configured as 3-bedroom, 2-bath residences.

Large windows frame panoramic views over Lake Merritt, with an upper unit that includes a Juliet balcony. In addition to the two upper units, there is a bonus space on the third bottom level that has been converted into a studio with a separate entrance, expanding the property’s flexibility for occupants or tenants.

Key Highlights

  • Renovated lakefront duplex built in 1932 with panoramic views over Lake Merritt
  • Both units are currently configured as 3‑bedroom, 2‑bathroom with spacious interiors
  • Hardwood floors throughout and large windows for panoramic lake views

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Furniture & Home Goods HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,029
Businesses Nearby

Demographics for 94606, CA

40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated duplex with panoramic lake views, two 3-bedroom units, and a separate-entry studio on the lower level.
Where is this duplex located?
The property is located at 2038 2040 Lakeshore Oakland, CA.
What is the asking price?
The asking price for this property is $2,998,880.
What are key features of this property?
This property features: Renovated lakefront duplex built in 1932 with panoramic views over Lake Merritt; Both units are currently configured as 3‑bedroom, 2‑bathroom with spacious interiors; Hardwood floors throughout and large windows for panoramic lake views
More about this property
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