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1519 48th Ave - Oakland 3 Unit Cash Cow 3 Unit Apartment Building Offered at $892,907 CAD at a 9.73% Cap Rate Oakland, CA 94601
Investment Highlights
- Contractor Special
- High Income
- Deferred Maintenance
Executive Summary
Contractor special with strong in place income and major upside in Oakland! 1519 48th Avenue features 3 fully detached units on one lot. The property includes one 2 bedroom 1 bath house and two 3 bedroom 1 bath houses, plus a separate laundry room and storage room. Recent upgrades have been completed in Unit C and the property is well maintained overall. Well located near public transportation, shops, and dining, this value add opportunity is priced for a special buyer ready to unlock long term returns. Units B and C have existing notices of violation and the buyer will be responsible for working with the City to bring the property into compliance. Buyer to inherit the existing liens on title. Special assumable financing available.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,793 CAD | - |
| 3+1 | 5 | $3,680 CAD | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 035-2360-007-00 | Improvements Assessment | $277,004 CAD |
| Land Assessment | $118,716 CAD | Total Assessment | $395,719 CAD |
Property Taxes
Parcel Number
035-2360-007-00
Land Assessment
$118,716 CAD
Improvements Assessment
$277,004 CAD
Total Assessment
$395,719 CAD
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Presented by
MKD Group Realty
1519 48th Ave - Oakland 3 Unit Cash Cow
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