2261 48th AVE, Oakland, CA 94601
2261 48th AVE, Oakland, CA 94601
2261 48th AVE, Oakland, CA 94601
2261 48th AVE, Oakland, CA 94601
2261 48th AVE, Oakland, CA 94601
2261 48th AVE, Oakland, CA 94601
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John Fagan

John Fagan

+1(669) 303-8501
Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$ 1,500,000
Est. payment | /mo

9 Beds

5 Baths

4,278 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

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

MLS Listing ID ML82045267

Bedrooms 9

Full Baths 5

Year Built 1960

Lot Size 7,300 Sqft

Property Sub-Type Fourplex

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

Exterior

Parking Features Attached Garage

Garage Spaces 4.0

Utilities Available Public Utilities

Roof Type Rolled Composition

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 036-2416-008

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Nearby Locations

John Fagan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(669) 303-8501

john@johnfagangroup.com

1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

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2261 48th AVE