Duplex Investment
2656 38th Ave Oakland, CA 94619
2656 38th Ave, Oakland, CA, 94619
Contact for pricing
For Sale
Contact for pricing
As-is duplex offered for sale, with buyer cooperation required for a 1031 exchange.
Property Size3,948 SF
Price / SF$278.62
Days on Market19
Property Features for 2656 38th Ave
General Information
- Standard status
- Active
- Size
- 3,948 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1955
Listing agency
Discovery Investments
Listed by
Marty Chan · License #01400871
Source
Crexi
Added: Jul 4 Updated: Jul 22 at 3:07AM Checked: Jul 22 at 3:07AM
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 Discovery Investments
Investment Insights
Based on property information with market context.
This duplex investment property is offered for sale on an as-is basis. The property totals 3,948 square feet and is being marketed as a residential income duplex.
The property is located at 2656 38th Ave in Oakland, CA 94619. The seller has noted that the buyer must cooperate with the seller’s 1031 exchange.
The property is located at 2656 38th Ave in Oakland, CA 94619. The seller has noted that the buyer must cooperate with the seller’s 1031 exchange.
Key Highlights
- As‑is duplex for sale
- Year built: 1955
- Buyer to cooperate with a seller 1031 exchange
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 | $135.0k | $34.20 |
| − Vacancy | −$5.8k | −$1.46 |
| EGI | $129.3k | $32.74 |
| − OpEx | −$38.8k | −$9.82 |
| NOI | $90.5k | $22.92 |
3,948 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,479 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,362 @ 7.0% cap · market cap 7.58%
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
1031 exchange properties
Similar For Sale Nearby
FAQs
What type of property is this?
1031 exchange property - As-is duplex offered for sale, with buyer cooperation required for a 1031 exchange.
Where is this 1031 exchange property located?
The property is located at 2656 38th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: As‑is duplex for sale; Year built: 1955; Buyer to cooperate with a seller 1031 exchange
