2241 48th Ave, Oakland, CA 94601

About this triplex

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.

Listing description from the June 2022 sale, as reported to CRMLS.

Sale history

$1,198,000

Sold June 2022 · on market March 2022 · MLS #40986371 · Source: CRMLS

Listing Agent: Tony Trinh · Listing Office: eXp Realty of California, Inc · Contact: 888-832-7179 · Bought with: Miles Tillman · eXp Realty of California, Inc

$850,000

Sold July 2019 · listed $815,000, on market April 2019 · MLS #40860443 · Source: CRMLS

Listing Agent: Eric Wanene · Listing Office: Safi Realty · Contact: 510-7769875 · Bought with: Dat Huynh · Golden Land Real Estate, Inc.

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