Share this with your friends
(626) 893-2817
Gilbert Garcia
2261 48th Avenue, Oakland, CA 94601
- $1,195,000
- 4,278
- SqFt
- List Price
- $1,195,000
- Status
- ACTIVE
- MLS#
- ML82065586
- Year Built
- 1960
- Living Sq. Ft
- 4,278
- Lot Size
- 7,300
- Acres
- 0.17
- Days on Market
- 1
- Property Type
- Multifamily
- 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.
/u.realgeeks.media/livingbythefoothills/Gil_s_Photo_-_Right_Facing-removebg-preview.png)
Additional Information
- Taxes
- $23,349
- Cooling
- Yes
- Cooling Description
- None
- Garage Spaces Total
- 4
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $127,460
Listing courtesy of Listing Agent: Andarge Taye (tayevpr@gmail.com) from Listing Office: Value Pacific Realty.
The Market is Shifting!
Find out how it has impacted your property's selling price
Check your property value here.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.