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Listed by Marcus & Millichap
$ 1,195,000
Est. payment /mo
Active
2261 48th Avenue Oakland, CA 94601
4,278 SqFt
UPDATED:
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 ML82045267
HOA Y/N No
Year Built 1960
Lot Size 7,300 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Marcus $ Millichap is pleased to present 2261 48th Ave, a well-maintained 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 and is 100% occupied, providing stable in-place income. The unit mix consists of three 2BD/1BA units and one 3BD/2BA unit, all with spacious layouts. The property offers 4 garage parking spaces (1:1 ratio), individually metered gas and electric, and master metered water. In-place rents are approximately 9% below market, offering upside through rent growth over time. Conveniently located near High Street, Foothill Blvd, I580, I880, public transit, neighborhood retail, and parks. A solid multifamily investment in a strong East Oakland rental corridor.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling No Air Conditioning
Fireplace No
Building
Water Public
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111