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2261 48th Ave

Oakland CA 94601

4278 sq. ft.
7300 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

4278 sq. ft. floor area
7300 sq. ft. lot size
Duplex

Property history for 2261 48th Ave

2017
Sold
$1,325,000
17 Jul 2017 by Stephane Dessus, of Bay Valley Realty
2017
Sold
$1,325,000
17 Jul 2017 by Maureen Connor, of Equity Capital Real Estate
2017
Sold
$800,000
08 Feb 2017 by Maureen Connor, of Equity Capital Real Estate

Happy sellers in Oakland

<50%
Less than 50% of sellers in Oakland reported that their sale price either exceeded or met their price expectations.

Oakland stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Oakland over the last 12 months.

Local market activity for duplexes in Oakland

In the last 12 months, 29 duplexes similar to 2261 48th Ave, have been sold.

This represents a 16% increase in duplexes sales when compared to the previous 12 months.

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