Comm Ri Multi-units 5+ For Sale
3,622 Sqft - 489 48th Street, OAKLAND, California 94609
Property Description
For sale five (5) unit plus one (1) non-conforming unit multi-family investment located at 489 48th Street Oakland, CA. There are two structures on the property: a two story four unit structure at the front of the property 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 3,662 on a 7,500-square foot lot. Located just steps 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 the two (one non-conforming) units will be delivered vacant. The property boasts a Walk Score of 98.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40917007
Price : $1,850,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,622 Sqft
Year Built : 1947
Lot Area : 0.16 Sqft
Features
Heating System : Electric
Cooling System : Ceiling Fan(s)
Roof : Rolled Composition, Composition
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94609
Street : 48th Street
Street Number : 489
Floor Number : 0
Longitude : W123° 44' 15.6''
Latitude : N37° 50' 3.6''
MLS Addon
Office Name : Corcoran Global Living
Building Type : 5 Or More Units
Area : Oakland Zip Code 94609
Address : 489 48th Street
Cross Street : Telegraph Avenue
Directions to Property : Telegraph to 48th Street
LA1User Code : QS811844
LA1Agent First Name : Karen
LA1Agent Last Name : Mulcahy
Status Category : Sold
Tot # Parking Spaces : 5
Tot # of Units : 5
Dist/Nbrhood/Sub : TEMESCAL
Zoning : RM2
List $/SqFt : $511
Age : 73
Apx Lot Sq Ft : 7,500 Sqft
Type of Building : Apt Complex
Annual Taxes : $25,160
Total Deposits : $0
ADDTL FEATURES MISC. : Wired For Cable Tv, Garden, Play Area
EQUIPMENT ADDITIONAL : Water Heater Gas, Window Coverings, Natural Gas Connected, Secured Access, Internet Available, Individual Electric Meter, All Public Utilities, Individual Gas Meter, Smoke Detector, Double Strapped Water Htr, Carbon Mon Detector, See Remarks
EXTERIOR : Stucco, Wood Frame
FLOORING : Concrete Slab, Carpet, Tile, Hardwood Floors
LOT DESCRIPTION : Level, Premium Lot, 2 Houses / 1 Lot, Partial Fence, Paved
ON-SITE PARKING DESC : Parking Area
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
Census Tract : 94609
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $37,231
2nd Loan Balance : $3
Tot Other Loans : $0
Financial Data Verif(Y/N) : 5.71
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : Offer As Is
Original Price : $1,850,000
Sold Price : $1,650,000
Previous Price : $1,795,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 107153
Annual Gross Sched Inc : 144384
Net Oper Income : 107153
Annual Mgmt Exp : 0
Annual License Exp : 1200
Annual Util Exp : 5740
Other Ann Exp : 4500
Tot Ann Oper Exp : 37231
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 1831
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 02002780
Gross Rent Multiplier : 12.8
ZIDX Only Street Name : 48th Street
Buyer Agent DRE Num. : 02002780
Co List Agent DRE Num. : 02002780
List Agent DRE Num. : 02002780
LA1Agent License ID : 02002780
LA1NRDS_ID : 166024426
SA1Agent First Name : Karen
SA1Agent Last Name : Mulcahy
SA1Agent License ID : 02002780
SA1User Code : QS811844
SA1NRDS_ID : 166024426
Annual Vacancy : 20
Gross Income : 144384
Listing Broker DRE Numbe : 02109201
Sale/Original $ : 89
Annual Exp Yr : 37231
Sale $/SqFt : 456
1st - Yrs Remaining : 0
Sale/Last List $ : 89
Interest Rate : 0
Board ID : QUATTRO San Francisco
Assessors Parcel No : 13-1150-22
Showing : By Appointment Only Mark Chow 415-847-5669
SO1Office Abbreviation : QSCGL06
SO1Office Name : Corcoran Global Living
LO1Main Office ID : 87485
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 87502
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 1650000
Address Search Number : 489
Listing Agent : 300627
Listing Office : 87502
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 300627
Buying Office 1 : 87502
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 10
Input Date : 17/08/2020 02:51:09
Update Date : 24/02/2021 18:02:57
PhotoTimestamp : 17/08/2020 02:52:53
First Photo Add Timestamp : 17/08/2020 02:51:43
List Date : 16/08/2020
Expire Date :
Pending Date : 19/11/2020
Closing Date : 04/12/2020
Status Date : 24/02/2021
Price Date : 24/02/2021
Off Market Date : 19/11/2020
Status : Sold
Dual Variable : No
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 16/08/2020
DOMLS : 95
Cumulative DOMLS : 95
Unit # 1 # of Bathrooms: 1
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 600
Unit # 1 Parking Spaces: 1
Unit # 1 Rent: 1800
Unit 1 # Units This Type?: 1-bedroom
Unit # 2 # of Bathrooms: 1
Unit # 2 # of Bedrooms: 1
Unit # 2 Approx. SqFt: 600
Unit # 2 Parking Spaces: 1
Unit # 2 Rent: 975
Unit 2 # Units This Type?: 1-Bedroom
Unit # 3 # of Bathrooms: 1
Unit # 3 # of Bedrooms: 1
Unit # 3 Approx. SqFt: 600
Unit # 3 Parking Spaces: 1
Unit # 3 Rent: 950
Unit 3 # Units This Type?: 1-Bedroom
Unit # 4 # of Bathrooms: 1
Unit # 4 # of Bedrooms: 1
Unit # 4 Approx. SqFt: 600
Unit # 4 Rent: 2500 PRFMA
Unit 4 # Units This Type?: 1-Bedroom
