1519 48th Ave - Multi-Family FOR SALE


Oakland, CA 94601- Middle East Oakland
$649,000 USD
415-847-5669
1519 48th Ave, Oakland, CA for Sale
$649,000 USD
Multi-Family - FOR SALE
1/12
null | 9.73% Cap Rate

1519 48th Ave
Oakland, CA 94601
Middle East Oakland


HIGHLIGHTS

  • Contractor Special
  • Deferred Maintenance
  • High Income

OVERVIEW

Contractor special with strong in place income and major upside in Oakland! 1519 48th Avenue features 3 fully detached units on one lot. The property includes one 2 bedroom 1 bath house and two 3 bedroom 1 bath houses, plus a separate laundry room and storage room. Recent upgrades have been completed in Unit C and the property is well maintained overall. Well located near public transportation, shops, and dining, this value add opportunity is priced for a special buyer ready to unlock long term returns. Units B and C have existing notices of violation and the buyer will be responsible for working with the City to bring the property into compliance. Buyer to inherit the existing liens on title. Special assumable financing available.

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,333

CAP RATE

9.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakland 3 Unit Cash Cow

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,420 SF

ZONING

-

APN/PARCEL ID

035-2360-007-00

ASK ABOUT THIS PROPERTY

Mark ChowCompassMore Info
415-847-5669

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mark ChowCompassMore Info
415-847-5669

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.