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Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
Bought with Andarge Taye • Value Pacific Realty
Bought with Andarge Taye • Value Pacific Realty
$ 1,195,000
$ 1,195,000
Est. payment /mo
Sold on 07/10/2026
2261 48th AVE Oakland, CA 94601
9 Beds
5 Baths
4,278 SqFt
UPDATED:
Key Details
Sold Price $1,195,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,278 sqft
Price per Sqft $279
MLS Listing ID ML82045267
Sold Date 07/10/26
Bedrooms 9
Full Baths 5
Year Built 1960
Lot Size 7,300 Sqft
Property Sub-Type Fourplex
Property 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.
Location
State CA
County Alameda
Zoning RM
Interior
Heating Gas
Cooling None
Exterior
Parking Features Attached Garage
Garage Spaces 4.0
Utilities Available Public Utilities
Roof Type Rolled Composition
Building
Story 2
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 036-2416-008
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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