3683 Maybelle Way
Oakland, CA 94619
Multifamily Property For Sale · 4 Units

Major Price Adjustment! 3683 Maybelle Avenue represents a compelling Oakland multifamily investment opportunity offering stable in-place income, large unit layouts, four-car garage parking, and long-term upside potential in the established Laurel District neighborhood.
According to public tax records, the property consists of a 1966-built fourplex containing approximately 4188 square feet of living area. The property includes three 2-bedroom/1-bathroom units and one 3-bedroom/1-bathroom unit, offering unit sizes that may be larger than many competing multifamily properties in the area.
The property has been held by the same family for many years, and most units are in largely original condition. This creates an opportunity for future modernization and rent growth over time as units eventually turn over, subject to Oakland rent control and tenant protection regulations.
All four units are currently tenant occupied by stable, long-term tenants and generate approximately $54,283 in annual gross rental income. At the current asking price, the property offers an estimated 5.44% capitalization rate based on current income and an assumed 35% operating expense ratio. Based on projected market rents of approximately $2000/month for each 2-bedroom/1-bathroom unit and approximately $2500/month for the 3-bedroom/1-bathroom unit, the property offers an estimated stabilized capitalization rate of approximately 10.22%, assuming the same expense ratio. Buyers should independently verify all income, expenses, market rents, and investment returns.
The property also benefits from separate unit entrances, individually metered PG&E service, and four-car garage parking — an increasingly valuable amenity for Oakland multifamily properties.
Conveniently located near Oakland’s Laurel and Dimond districts, 3683 Maybelle Avenue offers access to neighborhood shopping, restaurants, schools, parks, and public transportation. Nearby amenities include Laurel District shopping and dining, Dimond District services, Mills College at Northeastern University, and regional commuter routes including Interstate 580 and Highway 13, providing convenient access throughout Oakland, Berkeley, San Leandro, and the greater Bay Area.
Whether acquired as a long-term income-producing investment, future value-add opportunity, or portfolio addition in one of Oakland’s established residential neighborhoods, 3683 Maybelle Avenue offers a rare combination of unit size, garage parking, stable occupancy, and long-term upside potential.