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About the Listing ML5009388 - ML5065292
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. Over $120k annual rental revenue. 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.
Listing Highlights for 2261 48th Ave
Interior Details
- Bedrooms: 8
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Zoning: RM
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $23,349
- Taxes w/Assessments: N/A
- Tax/Property ID: 0362416008
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
2261 48th Ave Oakland, CA 94601
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