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2261 48th Ave
For Sale $1,195,000 ($279.34 per Sq Ft)
$1,195,000 ($279.34 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 4,278 Sq Ft
- 7,300 Sq Ft
Description
Marcus $ Millichap is pleased to present 2261 48th Ave, a well-maintained 4 unit multifamily property located in East Oaklands Lower Maxwell Park/Melrose area. Built in 1960, the property features approximately 4,278 SF on a 0.17acre lot and is 100% occupied, providing stable in-place income. The unit mix consists of three 2BD/1BA units and one 3BD/2BA unit, all with spacious layouts. The property offers 4 garage parking spaces (1:1 ratio), individually metered gas and electric, and master metered water. In-place rents are approximately 9% below market, offering upside through rent growth over time. Conveniently located near High Street, Foothill Blvd, I580, I880, public transit, neighborhood retail, and parks. A solid multifamily investment in a strong East Oakland rental corridor.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,195,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 4,278 |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1960 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0362416008 |
| MLS # | ML82045267 |
| Property ID | 319060948 |
| Lot Sqft | 7,300 |
| Zoning | RM |
| Days on Market | 32 |
| Original List Price | $1,500,000 |
| Date Updated | May 20, 2026 |
| Date Created | April 30, 2026 |
Listing Provided By
Eymon Binesh an agent of . Lic #02060059
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 20, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT