Duplex Investment
For Sale
$1,100,000
2656 38Th Ave, Oakland, CA 94619
As-is duplex offered for sale, with buyer cooperation required for a 1031 exchange.
Property Size3,948 SF
Price / SF$278.62
Days on Market108
Property Features for 2656 38Th Ave
General Information
Standard status
Active
Size
3,948 SF
Property subtype
Multi Family
Building Details
Year Built
1955
Listing Agency:
Discovery Investments Inc.
Listed By:
Martin Chan · License #01400871
(510) 584-9080
Source:
Exitrealty
Added: Jul 6
Changed: Oct 6
Last Checked: Oct 5 at 6:01PM
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 Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,479
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,809,580
$1.8M
Cap Rate 7%
$1,292,557
$1.3M
Cap Rate 9%
$1,005,322
$1.0M
Market Conditions
NOI Build-Up for 3,948 SF
Gross rent
$135.0K $34.20/SF
− Vacancy
−$5.8K −$1.46/SF
EGI
$129.3K $32.74/SF
− OpEx
−$38.8K −$9.82/SF
NOI
$90.5K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,809,580
Cap Rate 7%
$1,292,557
Cap Rate 9%
$1,005,322
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Explore this area
Business Placement
Demographics for 94619, CA
24,867
Population
10,348
Households
2.4
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
8.3 sq mi
ZIP Area
2,996
Density / Sq Mi
$129,879
Median Household Income
$65,351
Median Earnings
$2,131
Median Rent
$997,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
