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Bailey Properties
2261 48th AVE, Oakland, CA 94601
- $1,195,000
- 8
- BD
- 4,278
- SqFt
Listed by Andarge Taye, 408-469-0262 from Value Pacific Realty
(If provided) CoList: from
- List Price
- $1,195,000
- MLS#
- ML82065586
- Status
- ACTIVE
- Zoning
- RM
- Sqft. of Residence
- 4,278
- Lot Size
- 7,300
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.
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Additional Information
- Acres
- 0.17
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Attached Garage
- Heating System
- Gas
- Living Area
- 4,278
- Lot Size
- 7,300
- Other Utilities
- Public Utilities
- Roof
- Rolled Composition
- Sewer
- Sewer Connected
- Unincorporated Yn
- Yes
- Zoning
- RM
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