2261 48th Avenue, Oakland, CA 94601

Oakland
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
2261 48th Avenue,Oakland, CA 94601
$1,500,000
  • - Beds
  • - Baths
  • 4,278 sq. ft.
  • Multi-family
  • Active
Listed by: eymon binesh
Office: marcus & millichap650-391-1700
MLS#:ML82045267
Source:CRMLS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$350.63

About this home

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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Home facts

  • Year built:1960
  • Listing ID #:ML82045267
  • Added:13 day(s) ago
  • Updated:May 14, 2026 at 10:26 AM

Rooms and interior

  • Living area:4,278 sq. ft.

Structure and exterior

  • Year built:1960
  • Building area:4,278 sq. ft.
  • Lot area:0.17 Acres
  • Foundation Description:Concrete Perimenter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$350.63
  • Tax amount:$23,349

Parking

  • Garage:Yes
  • Garage spaces:4
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