Multifamily Property For Sale

489 48th Street, Oakland, CA

$1,850,000

Price

3,662 sqft

Building Size

7,500 sqft

Lot Area

Overview
Building Size
3,662 sqft
Lot Area
7,500 sqft
Units
6
GRM
41.39
Year Built
1947
Price Per Sqft
$505.19
Price Per Unit
$308,333
Floors
2
Description

The M | K | D Group is pleased to offer for sale this five (5) unit plus one (1) non-conforming unit multifamily investment opportunity located at 489 48th Street in Oakland, CA. There a two (2) structures on the property: a two-story four-unit structure at the front of the property is constructed of wood frame and stucco on a raised foundation built in 1947. In addition, there is an additional single family residence at the back of the property with separate entrances for the upstairs and downstairs. The downstairs unit can be rented out and is the non-conforming unit. The total square footage is 3662 on a 7,500-square foot lot. Both the Single Family Residence as well as one of the one-bedroom units will be delivered vacant, providing a unique opportunity to realize market rents in the high demand Temescal market.

Located just steps the from bustling Telegraph Avenue, this property provides an investor or owner-occupier an extremely rare opportunity to own an income property with tremendous upside with (2) of the units and the nonconforming unit delivered vacant.

The property boasts a walk-score of 98 and a Bike Score of 87. Some of Oakland's best restaurants, retail, café’s and grocery stores are walking distance. At the intersection of the prestigious Claremont District and popular College Avenue shops, the location is a destination unto itself.

Documents
Title
Offering Memorandum
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Location
Gallery