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Commercial sold for $2,300,000 in 283 days

1501 38th Ave Oakland, CA, 94601

Neighborhood: Fruitvale

Off the market 5 or More Units

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In the Fruitvale area of Oakland, a rare opportunity to own a 24 Unit Studio Apartment Building. 1501 38th Ave. is a wonderful multi-family investment opportunity. Great income with great tenants and large upside potential.
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Property details

14,410 sqft interior area
Land area
5,000 sqft (0.11 acres)
Address
1501 38th Ave, Oakland, CA, 94601
City of California
Oakland
County
Alameda
Previous price
$2,890,000
Year Built
1926
Neighborhood
Fruitvale
District
Oakland Zip Code 94601

Nearby major retailers

Costco
Public Storage
CVS Pharmacy
Safeway
Trader Joe's
Safeland Super Market
Pet Food Express
Kohl's
7-Eleven
Whole Foods Market
Shell
Petco
TJ Maxx
The Home Depot
AT&T
T-Mobile
O'Reilly Auto Parts
MetroPCS
Ross
Walmart
AutoZone
Chevron
Dollar Tree
GameStop
Verizon Wireless
Pet food express
Nordstrom
7-eleven
Supercuts
Chevron Food Mart
GNC
General: 1
Storage rental: 2
Chemist: 1
Supermarket: 7
Greengrocer: 3
Pet: 6
Department store: 8
Convenience: 14
Do it yourself: 2
Mobile phone: 13
Car parts: 8
Variety store: 2
Video games: 1
Hairdresser: 1
Nutrition supplements: 1
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Interior Features

Laminate, Linoleum, Carpet floors
Floor Covering
Laminate, Linoleum, Carpet
Garage & Parking
Parking Lot, On Street, Unassigned, Uncovered Park Spaces 2+
Utilities Included
Wired For Cable TV, All Public Utilities, Cable Available, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter, Master Electric Meter, Master Gas Meter
Appliances
Free-Standing Range, Refrigerator, Dryer, Washer
Basement
Other, Separate Entry

Listed by

Kenneth Masters, Thomas Kevin Masters
Name
Kenneth Masters
License number
01243432
Brokerage company
Thomas Kevin Masters
MLS #
41009238

Buyer agent

Name
Grant Chappell
Brokerage company
NAI Northern California

Payment calculator

Calculate your monthly payments
Mortgage
$7,062
Taxes
$0
HOA dues
$0
$7,062 per month
Mortgage
$460,000 / 20%
2.28%
30 years
Your amount $7,062 / month

Exterior Features

Stucco construction and more
Construction
Stucco

Lot details

TMK #033213605400
Lot Description
Level, Security Gate
Parcel nr.
033213605400

Fruitvale neighborhood info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data

People living in Fruitvale

45%
Families with children
National average: 39%
41%
Non family households
412,870
Population
$107,122
Average Income

Age & gender

Median age 38 years
More info

Commute types

65% commute by car
More info

Education level

26% have bachelor education
More info

Number of employees

2% work in management
More info

Vehicles available

43% have 1 vehicle
More info

Vehicles by gender

43% have 1 vehicle
More info

Housing market insights for

$991.79k
Neighborhood average
sales price*
$844.5k
Neighborhood median
sales price*
599
Number
of sales*

Housing type

40% are single detacheds
More info

Rooms

40% of the houses have 4 or 5 rooms
More info

Bedrooms

58% have 2 or 3 bedrooms
More info

Owners vs Renters

58% are renters
More info
15.17 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

Sold Jun 30, 2023

Fruitvale Median sales price 2024

Bedrooms Med. price % of listings
2 beds $703.5k 40%
3 beds $833k 20%
4 beds $715.5k 40%
Date Event Price $/sqft Source
Jun 30, 2023 Sold $2,300,000 0 Public Record
Jun 30, 2023 Price Decrease $2,300,000 -16.36% 0 MLS #41009238
May 31, 2023 Pending $2,750,000 0 MLS #41009238
May 4, 2023 Price Decrease $2,750,000 -8.03% 0 MLS #41009238
Jan 30, 2023 Price Decrease $2,990,000 -6.56% 0 MLS #41009238
Nov 25, 2022 For sale $3,200,000 0 MLS #41009238
Nov 18, 2022 Price Decrease $3,200,000 -3.03% 0 MLS #41009238
Oct 28, 2022 Pending $3,300,000 0 MLS #41009238
Sep 21, 2022 New Listing $3,300,000 0 MLS #41009238

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Frequently Asked Questions about 1501 38th Ave

What is 1501 38th Ave?

1501 38th Ave is a Commercial/Industrial propertywith 14,410 sqft interior space.

What is the rental income?

-

What is the full address of this Commercial?

1501 38th Ave, Oakland, CA, 94601.

What comparable properties are nearby?

Comparable nearby commercial properties include 3701 International Blvd, 4134 Foothill Blvd, 1240 47th Ave, 5321 E 8th St, 2344 E 17th, 3300 Brookdale Ave.

Based on information from the bridgeMLS as of 05-10-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: Jun 30, 2023
Verhouse Last checked less than a minute ago


The closest grocery stores are Smart and Final extra!, 0.24 miles away and El Charro Supermarket, 0.37 miles away.
The Fruitvale neighborhood has a population of 412,870, and 45% of the families have children. The median age is 38.55 years and 65% commute by car. The most popular housing type is "single detached" and 58% is renter.
Commercial Sold $2.3m 1501 38th Ave, Oakland, CA, 94601 Save House Remove from Saved