Oakland, CA 94602 1621 E 38Th St

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 or 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. Per the county, this property is classified as a duplex. 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 currently renting for $3,195 / mo. There is the opportunity for new owners to vacate the upper unit if they plan to occupy the upstairs unit for their personal residence. That is allowed per the city of Oakland. This property resides in the much sought after Glenview neighborhood. See Disclosures.