2261 48 Ave - Apartments FOR SALE


Oakland, CA 94601- Middle East Oakland
$1,349,000 USD
925-588-6402
2261 48 Ave, Oakland, CA for Sale
$1,349,000 USD
Apartments - FOR SALE
1/27
null | 6.26% Cap Rate

2261 48 Ave
Oakland, CA 94601
Middle East Oakland


HIGHLIGHTS

  • Ideal for owner-occupants: live in one unit and rent out the others for additional income
  • All units separately metered for electricity and gas
  • Excellent unit mix: one 3 bed / 2 bath and three 2 bed / 1 bath units
  • In-unit laundry hook-ups in every unit
  • Attached enclosed garage with dedicated storage closets for each unit
  • Remodeled kitchens with new cabinetry and granite countertops

OVERVIEW

Welcome to 2261 48th Ave, a beautifully renovated 4-plex nestled in Oakland. This exceptionally well-maintained property presents a rare opportunity for investors or owner-occupants seeking strong rental potential and modern living in a prime East Bay location. Units have been thoughtfully updated with permits, featuring brand-new flooring, fresh interior and exterior paint, modern fixtures, and new appliances. The kitchens have been fully remodeled with sleek new cabinetry, granite countertops, and updated appliances. Bathrooms have been tastefully redesigned, offering a clean, contemporary feel. Double-pane windows throughout each unit provide enhanced comfort and energy efficiency. The unit mix includes one 3-bedroom, 2-bath unit with a spacious master suite, a large private balcony, and three additional 2-bedroom, 1-bath units. Each unit is equipped with in-unit laundry hook-ups, offering added convenience for tenants. The property includes an attached enclosed garage with individual storage closets, as well as off-street parking in front of the garage. A secure gated entry with an intercom system at each unit ensures privacy and peace of mind. Residents can also enjoy a shared backyard patio area, perfect for outdoor relaxation. Whether you're looking to expand your investment portfolio or live in one unit while renting the others, 2261 48th Ave is a move-in-ready, income-generating asset with strong upside in a growing neighborhood.

FOR SALE DETAILS

PRICE

$1,349,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,250

CAP RATE

6.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,301 SF

ZONING

-

APN/PARCEL ID

036-2416-008-00

ASK ABOUT THIS PROPERTY

Monjid AldiyyatBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
925-588-6402

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Monjid AldiyyatBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
925-588-6402

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