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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Eymon Binesh, DRE #02060059 • Marcus & Millichap

$ 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

Source MLSListings, Inc.

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

Utilities Available Public Utilities

Roof Type Rolled Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Tax ID 036-2416-008

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

2261 48th AVE Oakland, CA 94601