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$3,525,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 3128 Fruitvale Ave
General
- Price: $3,525,000
- Status: Active
- Type: Commercial Residential Facility
- Source: MAX
- MLS ID: 41149663
- Updated: 10/1/2026
- Added to Site: 4 day(s) ago
Interior
- Flooring: Laminate, Wood
Additional Information
- Equipment: Other
Parking
- Parking Features: Parking Lot
Location
- Area: Listing
- County: Alameda
- Subdivision: Oakland
- Driving Directions: Fruitvale Ave between Pleasant and School St..
Heating & Cooling
- Cooling Type: Other
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Exterior Const.: Stucco, Wood Siding
- Roof: Other
- Year Built: 1950
Lot Features
- Lot Size (Acres): 0.46
- Lot Dimensions: 20037.6
- Lot Features: Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $237
- Terms: None
Listed by Compass, Willem Bos
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Schools
Schools serving 3128 Fruitvale Ave
School District:Oakland Unified School District
| Name | Grades | Distance |
|---|---|---|
Fruitvale Elementary School 3200 Boston Avenue, Oakland, CA 94602 | PK-5 | 0.2 mi |
Bret Harte Middle School, Oakland, CA 3700 Coolidge Avenue, Oakland, CA 94602 | 6-9 | 0.6 mi |
Skyline High School 12250 Skyline Boulevard, Oakland, CA 94619 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3128 Fruitvale Ave
Date
Details
Price
Change
Source
9/28/2026
Listed
$3,525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3128 Fruitvale Ave
3128 Fruitvale Ave, Oakland, CA 94602 (MLS# 41149663) is a Commercial Residential Facility property. 3128 Fruitvale Ave is currently listed for $3,525,000 and was received on September 28, 2026. Want to learn more about 3128 Fruitvale Ave? Do you have questions about finding other Commercial Residential Facility real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

