1621 E 38Th St, Oakland, California 94602

This is a wonderful opportunity for an owner occupier to purchase not only their home to live in, but the new owners will have the ability to either move into the now vacant 3 bedroom unit and rent out the attached vacant ADU (market rents are at $2,2000/month for a 1 bedroom unit). Also, they can turn the ‘non-conforming’ garage conversion ADU unit into a legal unit or back to a garage per their choice! At this price point, it makes sense to take a serious look at this offering. The disclosures will have additional information concerning the ‘non-conforming ‘garage conversion on what needs to be completed to make it legal or to remove and turn it back to a garage. There is value to the new buyer to make this a legal unit! Then you will have even more rental income coming in. Note: do not confuse the garage unit with the 1-bedroom vacant ADU. They are separate units. The upstairs occupied unit is now vacant. All units are now vacant! Don’t miss this opportunity! Offered at 5.3 Cap Rate