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About the Listing ML88226 - ML5082979
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.
Interior Details
- Bedrooms: 9
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 0
- Zoning: RM
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $23,349
- Taxes w/Assessments: N/A
- Tax/Property ID: 0362416008
- Tax Year: N/A
Payment Calculator
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Questions About..
2261 48th Ave Oakland, CA 94601
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