Fourplex with Designated
2612 38Th Ave Oakland, CA 94619
2612 38Th Ave, Oakland, CA, 94619
$750,000
For Sale
$750,000
Four residential units are situated on a spacious lot with designated parking, with three units occupied and one available.
Property Size3,076 SF
Price / SF$243.82
Days on Market69
Property Features for 2612 38Th Ave
General Information
- Standard status
- Active
- Size
- 3,076 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1940
Listing agency
Formality Real Estate
(510) 907-0022
Listed by
Laura Tang · License #01325528
(510) 907-0022
Source
Exitrealty
Added: May 16 Updated: Jul 22 at 2:39PM Checked: Jul 22 at 2:39PM
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 Formality Real Estate
Investment Insights
Based on property information with market context.
This fourplex features four residential units on a spacious lot with designated parking. Three units are currently occupied, providing in-place, secured income, and the corner unit is available for viewing and potential market rent. The property is offered in as-is condition.
The asset is located at 2600–2612 38th Avenue in Oakland, with convenient access to major commuter routes including I-580 and I-880. Residents also benefit from nearby transit options, including the Fruitvale BART station within walking distance and multiple AC Transit routes.
Ownership provides a straightforward four-unit rental structure with a mix of occupied units and one unit available to be toured.
The asset is located at 2600–2612 38th Avenue in Oakland, with convenient access to major commuter routes including I-580 and I-880. Residents also benefit from nearby transit options, including the Fruitvale BART station within walking distance and multiple AC Transit routes.
Ownership provides a straightforward four-unit rental structure with a mix of occupied units and one unit available to be toured.
Key Highlights
- Fourplex in Oakland built in 1940, with four residential units on one lot
- Spacious lot with designated parking for residents
- Three units currently occupied for in‑place secured income
Local Financial Insights For Apartment 5plus
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 | $123.7k | $40.20 |
| − Vacancy | −$5.6k | −$1.81 |
| EGI | $118.1k | $38.39 |
| − OpEx | −$53.1k | −$17.28 |
| NOI | $64.9k | $21.12 |
3,076 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$881.2K – $1.17M
NOI $70,495 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$927.9K
$811.9K – $1.08M
NOI $64,950 @ 7.0% cap · market cap 8.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four residential units are situated on a spacious lot with designated parking, with three units occupied and one available.
Where is this quadplex located?
The property is located at 2612 38Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fourplex in Oakland built in 1940, with four residential units on one lot; Spacious lot with designated parking for residents; Three units currently occupied for in‑place secured income
