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Listed by Andarge Taye • Value Pacific Realty, DRE#01738849
$1,195,000
Est. payment /mo
8 Beds
5 Baths
4,278 SqFt
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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Matt Cossell
Top 1% Realtor License ID: 01382971
Top 1% Realtor License ID: 01382971