Multifamily
2261 48th Ave
2261 48th Ave, Oakland, CA 94601
Listing Price: $1,500,000
Investment Overview
Marcus $ Millichap is pleased to present 203 Bissell 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.
2261 48th Ave
Investment Highlights
- Offered at $1,500,000 ($375,000 per unit / $350.63 per square foot), the property features reliable, stable rental income with 100% current occupancy. In-place rents are approximately 9% below market
- The property comprises 2-bedroom/1-bath and 3-bedroom/2- bath units, catering to a wide range of tenants. Each unit is well maintained with modern amenities
- Oakland's constrained housing market, combined with the property's location in a growing area, presents 2261 48th Ave as a strong investment with potential for sustained demand and future appreciation
Exclusively Listed By
Listing Price: $1,500,000
Investment Highlights
- Offered at $1,500,000 ($375,000 per unit / $350.63 per square foot), the property features reliable, stable rental income with 100% current occupancy. In-place rents are approximately 9% below market
- The property comprises 2-bedroom/1-bath and 3-bedroom/2- bath units, catering to a wide range of tenants. Each unit is well maintained with modern amenities
- Oakland's constrained housing market, combined with the property's location in a growing area, presents 2261 48th Ave as a strong investment with potential for sustained demand and future appreciation
Investment Overview
Marcus $ Millichap is pleased to present 203 Bissell 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.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.