25
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$1,195,000
Est. payment /mo
4,278 SqFt
New
2261 48th AVE Oakland, CA 94601
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,278 sqft
Price per Sqft $279
MLS Listing ID ML82065586
HOA Y/N No
Year Built 1960
Annual Tax Amount $23,349
Lot Size 7,300 Sqft
Property Sub-Type Quadruplex
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
Cooling None
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Accessibility Parking
Total Parking Spaces 4
Building
Story 2
Foundation Concrete Perimeter
Water Public
Schools
School District Other
Others
Tax ID 0362416008
Special Listing Condition Standard
Listed by Andarge Taye Value Pacific Realty #01738849
NEARBY SCHOOL & BUSINESS