1519 48th Ave, Oakland, CA 94601

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. Remediation of current violations costs roughly $100k-$150k+/- and months of time working with the City of Oakland. Special assumable financing available at 2.25%.