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$ 1,500,000
Est. payment | /mo
9 Beds
5 Baths
4,278 SqFt
$ 1,500,000
Est. payment | /mo
9 Beds
5 Baths
4,278 SqFt
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,278 sqft
Price per Sqft $350
Lot Size 7,300 Sqft
MLS Listing ID ML82045267
Bedrooms 9
Full Baths 5
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
Zoning RM
Interior
Heating Gas
Cooling None
1-purchase type For Sale
Exterior
Garage Attached Garage
Garage Spaces 4
Utilities Available Public Utilities
Roof Type Rolled Composition
Building
Story 2
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Story 2
Others
Tax ID 036-2416-008
Security Features None
Horse Property No
Special Sale Not Applicable
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Listed by Eymon Binesh of Marcus & Millichap
Bought with Eymon Binesh of Marcus & Millichap
Bought with Eymon Binesh of Marcus & Millichap
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