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33175474
33175476

408 38TH ST, OAKLAND, CA 94609

JM
02045713
Kite Hill Real Estate
Listed by Kite Hill Real Estate
$698,000
15 days on market
Updated 15 days ago

Duplex | Oakland

Details
APN 12-977-16
Property Type Retail
Square Footage 2,011
Units 1
Cap Rate 4.16%
NOI $29,029
Price per SqFt $347
Class B
Year Built 1920
Stories 2
Lot Size (SqFt) 5,000
Ground Lease No

1 Vacancy | $349,000/unit

Marketing description

  • Stable In-Place Rental Income – Upper unit currently occupied at $1,800/month, providing immediate cash flow and helping offset owner occupancy costs
  • Detached Garage Delivered Vacant – Rare additional garage space offering flexibility for parking, storage, workshop use, or potential future value-add opportunities
  • Expansive Outdoor Space – Oversized outdoor area rarely found in duplex properties, offering excellent usability for entertaining, gardening, pets, or future enhancements
  • Off-Street Parking – Valuable on-site parking amenity providing convenience for both residents and guests
  • In-Unit Laundry – Added convenience and functionality with laundry included within the property
  • Classic Craftsman Architecture – Charming Craftsman-style duplex featuring timeless character and attractive curb appeal
  • Recently Painted Exterior – Well-maintained property with recent exterior improvements enhancing overall presentation and pride of ownership
  • Prime Mosswood / Temescal Border Location – Exceptional Oakland location near Temescal’s popular restaurants, cafes, retail corridors, and neighborhood amenities
  • Excellent Accessibility – Convenient access to MacArthur BART, major commuter routes, and surrounding employment hubs throughout the Bay Area
  • Ideal Owner-User or Investment Opportunity – Flexible setup suitable for both investors seeking stable rental income and buyers looking to occupy one unit while generating supplemental income from the other unit
  • Strong Long-Term Market Fundamentals – Located within a highly desirable Oakland submarket known for strong rental demand, neighborhood appreciation, and enduring tenant appeal

Investment highlights

Open House Schedule

Saturday, Mar 30, 2026 | 1PM - 4PM

Sunday, Mar 31, 2026 | 1PM - 4PM

Located in Oakland’s highly desirable Mosswood neighborhood on the border of Temescal, 408 38th Street is a charming Craftsman-style duplex offering an exceptional opportunity for both owner-occupants and investors. The property features a vacant and updated 2-bedroom, 1-bath lower unit ideal for an owner-occupy buyer seeking immediate move-in potential in one of Oakland’s most sought-after neighborhoods. The upper unit is occupied at $1,800/month, providing stable in-place income and an attractive setup for buyers looking to offset ownership costs. Additional property features include a detached garage delivered vacant, off-street parking, in-unit laundry, and an expansive outdoor space rarely found in comparable duplex properties. The recently painted exterior further enhances the curb appeal and overall presentation of this well-maintained asset. Positioned just moments from Temescal’s vibrant dining, shopping, cafes, and commuter amenities, 408 38th Street presents a rare combination of character, functionality, and long-term upside. Whether for an owner-user seeking supplemental rental income or an investor targeting a highly desirable Oakland location, the property offers strong lifestyle appeal and excellent future potential

Listing Contacts

JM
02045713
Kite Hill Real Estate
Listed by Kite Hill Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$29,029.00
$2,419.08/mo

Valuation Metrics

0
DSCR
4.16%
Cap Rate
4.16%
ROI

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