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Property profile & analytics
FOR SALE
Investment properties
2802 38Th Ave, Oakland, CA 94619
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8573382
For Sale
$799,888
2802 38Th Ave, Oakland, CA 94619
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Construction
WOOD
Total area
2,400 SF
Lot
0.08 ac (3,493 SF)
APN
32-2054-31
UPID
US09-8573382
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$725k
Owner & transaction history
Diana Nguyen Pham · 1 yrs held
Diana Nguyen Pham
since 2025
Last sale
$795,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+92.8%
Medical building
$805,000
+52.5%
Office building
$580,000
+9.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,020,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$580,000
Change: +9% · Conversion: Easy
RETAIL STORES
$570,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$455,000
Change: -14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$450,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $795k (Oct 30 2024)
Last sale anchor
$795k
Oct 30 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$302 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,839
Tax year 2023
Assessed value
$535,588
Assessed 2024
Previous assessed
$525,087
+2.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$176,360
Assessed improvement
$359,228
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1925
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
4
Bathrooms
3
Total area
2,400 SF
Lot
0.08 ac (3,493 SF)
APN
32-2054-31
UPID
US09-8573382
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$805,000
OFFICE BUILDING
Est. value
$580,000
RETAIL STORES
Est. value
$570,000
WAREHOUSE, STORAGE
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$450,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
4
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Diana Nguyen Pham
Individual
Mailing address
725 E 15TH ST, OAKLAND, CA 94606-2988
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
$795,000
Diana Nguyen Pham
Cal Highland Oaks LLC
Grant Deed
$495,000 · Rtc Investors II LLC
Mar 24, 2017
—
Cal Highland Oaks LLC
Mai,shaofang
Grant Deed
—
Nov 1, 2016
—
Shaofang Mai
—
Deed
related
$400,000 · Private Individual
Oct 26, 2016
$412,000
Shaofang Mai
Lau Kam Tat & Oy Wah Trust
Grant Deed
—
Oct 26, 2016
—
Shaofang Mai
Peng,zhihua
Quit Claim Deed
related
—
Jun 17, 2015
—
Lau,kam T & Oy W Trust
Lau Kam T & Oy W
Quit Claim Deed
related
—
May 17, 1994
$145,000
Kam At Lau
Wu,hsien E & Amy
Grant Deed
$90,000 · Medallion Mortgage Co
—
—
Shaofang Mai
—
Deed Of Trust
related
$400,000 · Private Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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