Duplex | Mosswood

408 38th St, Oakland, CA 94609

Property Information

  • For Sale $698,000
  • Property Type Multi-Family
  • Property Size 2,011 SF
  • Units 2
  • Lot Size 0.11 Acre
  • Building Class C
  • Year Built 1920
  • Date Updated May 20, 2026

Description

Mosswood offers apartment investors a compelling foothold in one of Oakland’s most connected urban neighborhoods. Positioned near the crossroads of North Oakland, Temescal, Pill Hill, and Uptown, the area benefits from strong access to employment centers, transit corridors, retail amenities, and neighborhood services. Its central location supports consistent renter demand from professionals, students, healthcare workers, and residents seeking an Oakland address with everyday convenience. The neighborhood’s housing stock includes a mix of small to mid-sized apartment buildings, historic multifamily properties, and infill opportunities that appeal to investors looking for durable rental assets. Mosswood’s walkable setting, proximity to major commercial districts, and access to regional transportation make it well suited for value-add strategies focused on operational improvements, unit modernization, and long-term income growth. For owners with a disciplined approach, the area offers the kind of urban fundamentals that support resilient occupancy. As Oakland continues to attract renters seeking affordability relative to nearby Bay Area markets, Mosswood remains a practical and strategic submarket for multifamily investment. Its blend of centrality, neighborhood character, and access to surrounding job and lifestyle hubs gives apartment buildings here a strong positioning story. For investors evaluating Oakland, Mosswood represents an opportunity to acquire income-producing assets in a neighborhood with enduring rental appeal and meaningful upside potential. Scores Walk Score - 93 Transit Score - 71 Bike Score - 99Located 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

Highlights

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

Contacts

Jatin Mehta

Kite Hill Real Estate

Location

Located at 408 38th St, Oakland, CA 94609, this property is part of the Mosswood neighborhood and Bay Area market.

Contact Listing Broker
Jatin Mehta

Kite Hill Real Estate

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.