For Sale

Listed by Eymon Binesh from Marcus & Millichap

Source: Bay East, Contra Costa, EBRD #ML82045267

2261 48th Ave, Oakland, CA, 94601

$1,500,000

4278 sq. ft.
7300 sq. ft.

Duplex

30+ days on the market

What's around 2261 48th Ave

About this property

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.

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