2261 48 Ave 4 Unit Apartment Building $1,349,000 ($337,250/Unit) 6.26% Cap Rate Oakland, CA 94601
INVESTMENT HIGHLIGHTS
- Ideal for owner-occupants: live in one unit and rent out the others for additional income
- Excellent unit mix: one 3 bed / 2 bath and three 2 bed / 1 bath units
- Attached enclosed garage with dedicated storage closets for each unit
- All units separately metered for electricity and gas
- In-unit laundry hook-ups in every unit
- Remodeled kitchens with new cabinetry and granite countertops
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $1,349,000 |
| Price Per Unit | $337,250 |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| Sale Condition | Building in Shell Condition |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,278 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.94/1,000 SF |
UNIT AMENITIES
- Balcony
- Dishwasher
- Heating
- Granite Countertops
- Hardwood Floors
- Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | 1,026 |
| 3+1 | 1 | - | 1,200 |
1 of 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 036-2416-008-00 | Improvements Assessment | $1,034,626 |
| Land Assessment | $443,411 | Total Assessment | $1,478,037 |
