2261 48th AVE, Oakland, CA 94601
2261 48th AVE, Oakland, CA 94601
2261 48th AVE, Oakland, CA 94601
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Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by Andarge Taye • Value Pacific Realty, DRE#01738849
$1,195,000
Est. payment /mo
8 Beds
5 Baths
4,278 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,278 sqft

Price per Sqft $279

MLS Listing ID ML82065586

Bedrooms 8

Full Baths 5

Year Built 1960

Lot Size 7,300 Sqft

Property Sub-Type Fourplex

Property Description

Value Pacific Realty is pleased to present to you 2261 48th Ave, Oakland a well-maintained great income generating 4-unit multifamily property located in East Oaklands Lower Maxwell Park/Melrose area. Built in 1960, the property features approximately 4,278 SF on a 0.17acre lot. Three units are occupied with stable income, and one unit is just fully updated and ready for a primary owner residence or a new tenant with an estimated market rent for 2,700/m. The unit mix consists of three 2BD/1BA units and one 3BD/2BA unit, all with spacious layouts. Each unit is equipped with washer and dryer. The property offers 4 garage parking spaces (1:1 ratio), with additional parking space in front of the garage and street parking. individually metered gas and electric, and master metered water. In-place rents for the three units are approximately 10-12% below market which can offer upside through rent growth over time. Conveniently located near High Street, Foothill Blvd, I580, I880, public transit, neighborhood retail, and parks. This is a solid multifamily investment in a strong East Oakland rental corridor.

Location

State CA

County Alameda

Zoning RM

Interior

Heating Gas

Cooling None

Exterior

Parking Features Attached Garage

Garage Spaces 4.0

Utilities Available Public Utilities

Roof Type Rolled Composition

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Public

Level or Stories 2

Others

Tax ID 036-2416-008

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate License ID: 02024903

Broker Associate License ID: 02024903

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2261 48th AVE

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Josh Yoo.

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