Oakland Multifamily Investment
For Sale
$599,000
Pending
1519 48th Avenue, Oakland, CA 94601
Three detached units with income and upside potential in Oakland.
Property Size1,304 SF
Days on Market256
Property Features for 1519 48th Avenue
General Information
Standard status
Pending
Size
1,304 SF
Property subtype
Residential Income / Triplex
Amenities
11
3
Feet
No
Parking
Building Details
Year Built
1915
Listing Agency:
Compass
Listed By:
Marco Barretto · License #02078316
(415) 272-0059
Source:
Compass
Added: Feb 3
Changed: Oct 3
Last Checked: Oct 16 at 10:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Located in Oakland, this property at 1519 48th Avenue features three detached units on a single lot, offering income potential. The property includes one 2-bedroom, 1-bath house and two 3-bedroom, 1-bath houses. Additionally, there is a separate laundry room and storage room. Recent upgrades have been completed in Unit C, and the property is generally well-maintained. The property is located near public transportation, shops, and dining. 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. The property size is 1304 square feet.
Key Highlights
- Three detached units on one lot offer strong in‑place income with major upside potential.
- Includes one 2‑bedroom/1‑bath house and two 3‑bedroom/1‑bath houses.
- Well‑maintained property overall, with recent upgrades to Unit C.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,765
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,300
$555.3K
Cap Rate 7%
$396,643
$396.6K
Cap Rate 9%
$308,500
$308.5K
Market Conditions
NOI Build-Up for 1,304 SF
Gross rent
$52.4K $40.20/SF
− Vacancy
−$1.9K −$1.49/SF
EGI
$50.5K $38.71/SF
− OpEx
−$22.7K −$17.42/SF
NOI
$27.8K $21.29/SF
Area
ZIP 94601
Vacancy
3.70%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,300
Cap Rate 7%
$396,643
Cap Rate 9%
$308,500
Alternative Uses
Best Use
Apartment 5plus
$396.6K
$347.1K – $462.8K
NOI $27,765 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$531.5K
$465.1K – $620.1K
NOI $37,207 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three detached units with income and upside potential in Oakland.
Where is this multifamily property located?
The property is located at 1519 48th Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three detached units on one lot offer strong in‑place income with major upside potential.; Includes one 2‑bedroom/1‑bath house and two 3‑bedroom/1‑bath houses.; Well‑maintained property overall, with recent upgrades to Unit C.
