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Closed
- Listed price
- $1,388,000
- Listed Feb 26, 2022
- Sold price
- $1,420,000
- Sold Apr 8, 2022
4,300 sqft lot|1954 Built|6 MLS days on market
396 38Th St, Oakland, CA 94609
Property Description
5-unit apartment complex consisting of five 1bd/1bth units with an excellent Temescal location only a couple blocks from a variety of restaurants and shopping. Market cap rate: 7.31% and market GRM: 9.99. The property was built in 1954, offers approximately 3,025 square feet of rental space, and sits on a 4,300 square foot lot with 3 garages and a to total of 8 parking spaces. Recently, two units were fully remodeled with all new kitchens, new bathrooms, new flooring, new custom tile and lighting, new paint, new garage doors, new windows, and more. The property is easy to maintain and separately metered for water and PG&E providing for low annual expenses. Several units are far below market in rents offering the opportunity for the next investor to raise rents in the future. The exterior and interior are in great condition with no deferred maintenance resulting in a turn-key investment for the next owner.
Listing agent: David HowarthDRE #01360348david@pinzagroup.com, Listing office: The Pinza Group, Inc
MLS data updated 10/22/2026, 8:07:00 PM PT
Source: CRMLSMLS #: 40982823
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,420,000
Apr 8, 2022
Available records22022
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,420,000Closed sale · Apr 8, 2022ZIP 94609 · Apr 2022
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsFeb 26, 2022 – Apr 8, 2022
ZIP 94609 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.