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2241 48th Ave

Oakland, CA 94601
  • $1,198,000
  • STATUS: Active Under Contract
  • ON SITE: 93 Days
  • ID#: BE40986371
Under Contract
$1,198,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,677
    SQFT
  • $448
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1993
County:

School Ratings & Info

Description

Future Homeowners/Investor - this is an opportunity to acquire a triplex for both income stream and investment value. The property was built in 1993 and is exempt from Oakland's Rent Adjustment Ordinance. Amazing financials - this opportunity boasts a 5.74% CAP Rate and 12.48 Gross Rent Multiplier, consisting of all 3 bedroom / 1 bathroom units. The subject property is individually metered for gas and electric and includes parking for all units. Live in one unit and collect rent from the other units or rent all units for passive income.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-06-26T23:49:52.44. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
www.dominicnicoli.com/homes/127096320
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2241 48th Ave Oakland, CA 94601

  • Price: $1,198,000
  • Status: Active Under Contract
  • On Site: 93 Days
  • ID#: BE40986371
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,677
SQFT
$448
$/SQFT
1993
Built
Neighborhood:
Oakland Zip Code 94601
County:
Alameda
Area:
Oakland Zip Code 94601
Property Description
Future Homeowners/Investor - this is an opportunity to acquire a triplex for both income stream and investment value. The property was built in 1993 and is exempt from Oakland's Rent Adjustment Ordinance. Amazing financials - this opportunity boasts a 5.74% CAP Rate and 12.48 Gross Rent Multiplier, consisting of all 3 bedroom / 1 bathroom units. The subject property is individually metered for gas and electric and includes parking for all units. Live in one unit and collect rent from the other units or rent all units for passive income.
Exterior Features

Building Type Triplex Exterior Siding - Wood Garage Parking Spaces Per Unit - 1Spaces Per Unit - >1 Parking Spaces 3 Roof Composition Yard Grounds None

Interior Features

Baths Unit1 1.00 Baths Unit2 1.00 Baths Unit3 1.00 Beds Unit1 3 Beds Unit2 3 Beds Unit3 3 Cooling Ceiling Fan Flooring Vinyl Heating Forced AirGas Laundry Dryer Sq Ft Unit1 900 Sq Ft Unit2 900 Sq Ft Unit3 877 Structure Sq Ft 2677

Property Features

Additional Listing Info Accepting BackupsNot Applicable Amenities None City Name Oakland Communications Cable Tv - Wired Cross Street Vicksburg Ave Hoa Amenities None Lot Size Area Maximum 6373.00 Property Sub Type Triplex Rent Unit1 3000 Rent Unit2 2400 Rent Unit3 2600 Sewer Septic Sewer - Public Sq Ft Source Public Records Water Heater - GasPublic

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Tony Trinh of Exp Realty Of California, Inc.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-06-26T23:49:52.44. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
 
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