3128 Fruitvale Ave Oakland, CA $ 3,525,000
3128 Fruitvale Ave
$ 3,525,000
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3128 Fruitvale Ave

Oakland, CA, 94602
$ 3,525,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 22,257

Listed by Willem Bos, COMPASS, willem@bosgroupcre.com
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Multi-Family Home for sale in Oakland, CA

for $3,525,000. This home was built in 1950 on a lot size of 0.4591.

Renovated with huge upside: ownership has invested $492,707 in improvements since 2018, yet eight of the 14 apartments still rent below $1,300 a month, leaving 53% upside to market. The work includes six gut-remodeled units, new copper plumbing and a heat pump water heater, a sewer lateral, main electrical panels, a roof and a new parking lot. The property is Soft Story and SB 721 compliant. Offered at $3,525,000, a 6.02% current cap and 10.13 GRM, growing to a 10.36% cap and 6.69 GRM at market rents. This 18-unit mixed-use property in Oakland's Dimond District offers 14 apartments and 4 commercial storefronts across three buildings on a 20,000 SF lot with 14 surface parking spaces. The unit mix is seven 1BR/1BA units, seven 2BR/1BA units and four commercial suites. Just 0.2 miles to Farmer Joe's with easy access to I-580 and Fruitvale BART.

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Multi-Family Active

Price

$ 3,525,000

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.4591

Year Built

1950

Town/City

Oakland

County/Region

Alameda

MLS | Web ID

41149663

Days on Market

2

Features
General
Heating Natural Gas
Cooling See Remarks
HOA Fee 0
Construction Materials Stucco Wood Siding
Year Built 1950
Tenant Pays Gas
County Alameda
Property Type Residential Income
Subdivision Name OAKLAND
Status Active
Directions Cross Street: School St.
City Oakland
Number Of Units Total 18
Lot Size Units Square Feet
Lot Size Square Feet 20000
Standard Status Active
Cap Rate 6.02
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Total Parking 14
Lot Size Area 20000
Lot Size Acres 0.4591
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* Excluded Features
List By
Willem Bos

Listing Agent

Compass

Broker

willem@bosgroupcre.com

Email

Affordability Calculator

$22,257
Per Month
100%
0%
0%
Monthly Principal & Interest
$22,257
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/29/2026$3,525,000 Listed Price

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3128 Fruitvale Ave, Oakland, CA, 94602 is a Multi-Family Home for sale at $3,525,000 with a lot size of 0.4591. 3128 Fruitvale Ave has 0.0 baths and was built in 1950. The property's zip code is 94602 which is in Oakland, CA