1983 38Th Ave
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 3, 2026 | Listed by KW Advisors East Bay | $799,000 | |
| Listed by KW Advisors East Bay | |||
| | |||
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Super rare opportunity to own this sunny updated 2 homes with 2 private yards on 1 lot compound. The front house (1983 38th ave) is a spacious 3 Bed/2 Bath home with a primary en-suite bathroom, 2 generous bedrooms, an additional updated bathroom, open concept floor plan & in unit laundry with access to the spacious private yard. The Rear house (1985 38th ave) is a 2 Beds/2 Bath newer construction home w/ an open concept floor plan, newer kitchen & dining room w/ its own private access & yard. Each house is well positioned on an over-sized 5890 sqft lot w/ plenty of room to entertain & garden for each home! Each standalone building boasts natural light, attractive updated kitchens, updated bathrooms, recessed lighting, newer dual pane windows, fresh interior/exterior paint, water heaters, newer roofs, flooring, electrical, & plumbing. A long private driveway w/ tandem parking for 3 cars is perfect for those w/ hobbies. Separate laundry for each house. A large, flat, sun filled backyard perfect for gardening, hosting gatherings & pets. Close to all the shopping, restaurants, freeways, & businesses in the Fruitvale & Downtown Oakland. This is the one you have been looking for in a stellar central location with 2 separate private houses, 2 yards & 1 incredible opportunity to enjoy.
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| Mar 23, 2017 | Sold | ||
| Sold | |||
| Feb 16, 2017 | Listed by F A S REALTY INC. | $525,000 | |
| Listed by F A S REALTY INC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017