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.
Sold for $1,195,000
$1,195,000
2261 48th Ave, Oakland, CA 94601
9beds
5baths
4,278sqft
Quadruplex, Residential Income
Built in 1960
-- sqft lot
$1,195,100 Zestimate®
$279/sqft
$2,878 Estimated rent
Home value
$1,195,100
$1.09M - $1.31M
$2,878/mo
Zestimate® history
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$7,708/mo
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Spacious layouts
Zillow last checked:
Listing updated:
Listed by:
Eymon Binesh 02060059 650-546-1030,
Marcus & Millichap 650-391-1700
Bought with:
Andarge Taye, 01738849
Value Pacific Realty
Source: MLSListings Inc,MLS#: ML82045267
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- Gas
Cooling
- None
Features
- Doors: None
Interior area
- Total structure area: 4,278
- Total interior livable area: 4,278 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached
- Garage spaces: 4
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 7,300 Square Feet
Details
- Parcel number: 0362416008
- Zoning: RM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: RolledHotMop
Condition
- Year built: 1960
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Oakland
Financial & listing details
- Price per square foot: $279/sqft
- Tax assessed value: $1,507,597
- Annual tax amount: $23,349
- Date on market: 4/30/2026
- Listing agreement: ExclusiveAgency
- Inclusions: Building, Land
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Sold | $1,195,000$279/sqft |
Source:  MLSListings Inc #ML82045267 Report a problem | ||
| 7/3/2026 | Pending sale | $1,195,000$279/sqft |
Source: MLSListings Inc #ML82045267 Report a problem | ||
| 6/24/2026 | Contingent | $1,195,000$279/sqft |
Source: MLSListings Inc #ML82045267 Report a problem | ||
| 5/21/2026 | Price change | $1,195,000-20.3%$279/sqft |
Source: MLSListings Inc #ML82045267 Report a problem | ||
| 4/30/2026 | Listed for sale | $1,500,000+11.2%$351/sqft |
Source: MLSListings Inc #ML82045267 Report a problem | ||
| 7/1/2025 | Listing removed | $1,349,000$315/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #41090631 Report a problem | ||
| 3/25/2025 | Listed for sale | $1,349,000-6.9%$315/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41090631 Report a problem | ||
| 3/17/2025 | Listing removed | $1,449,000$339/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41079979 Report a problem | ||
| 1/9/2025 | Price change | $1,449,000-0.1%$339/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41079979 Report a problem | ||
| 12/4/2024 | Listed for sale | $1,450,000-3.3%$339/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41079979 Report a problem | ||
| 8/8/2023 | Listing removed | -- |
Source: bridgeMLS/CCAR/Bay East AOR #41009447 Report a problem | ||
| 6/7/2023 | Price change | $1,499,000-1.4%$350/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41009447 Report a problem | ||
| 5/28/2023 | Price change | $1,520,000-0.3%$355/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41009447 Report a problem | ||
| 5/17/2023 | Listed for sale | $1,525,000$356/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41009447 Report a problem | ||
| 5/4/2023 | Listing removed | -- |
Source: bridgeMLS/CCAR/Bay East AOR #41009447 Report a problem | ||
| 4/18/2023 | Price change | $1,525,000-0.9%$356/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41009447 Report a problem | ||
| 3/21/2023 | Price change | $1,539,000-0.6%$360/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41009447 Report a problem | ||
| 1/4/2023 | Price change | $1,549,000-3.1%$362/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41009447 Report a problem | ||
| 9/23/2022 | Listed for sale | $1,599,000+20.7%$374/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41009447 Report a problem | ||
| 7/17/2017 | Sold | $1,325,000+65.6%$310/sqft |
Source:  Bay East AOR #40784230 Report a problem | ||
| 2/8/2017 | Sold | $800,000+24%$187/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #40766601 Report a problem | ||
| 1/4/2017 | Listed for sale | $645,000+9.5%$151/sqft |
Source: EQUITY CAPITAL REAL ESTATE #40766601 Report a problem | ||
| 5/25/2012 | Sold | $588,905+8.1%$138/sqft |
Source: Public Record Report a problem | ||
| 12/22/2008 | Sold | $545,000-22.1%$127/sqft |
Source: Public Record Report a problem | ||
| 7/27/2005 | Sold | $700,000$164/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,507,597 +2% |
| 2024 | $22,665 -4.2% | $1,478,037 +2% |
| 2023 | $23,667 +3.3% | $1,449,058 +2% |
| 2022 | $22,917 +5.1% | $1,420,651 +2% |
| 2021 | $21,809 +1.1% | $1,392,800 +1% |
| 2020 | $21,563 +4.3% | $1,378,530 +2% |
| 2019 | $20,680 +160.9% | $1,351,500 +2% |
| 2018 | $7,928 | $1,325,000 +196.4% |
| 2017 | $7,928 +3.5% | $446,983 +2% |
| 2016 | $7,658 -18.8% | $438,218 +4.8% |
| 2015 | $9,428 | $418,040 +2% |
| 2014 | $9,428 | $409,851 +0.5% |
| 2013 | -- | $408,000 -9.3% |
| 2012 | -- | $450,000 +12.5% |
| 2011 | -- | $400,000 -20% |
| 2010 | -- | $500,000 -8.3% |
| 2009 | -- | $545,000 -25.2% |
| 2008 | -- | $728,280 +2% |
| 2007 | -- | $714,000 +2% |
| 2006 | -- | $700,000 +8.1% |
| 2005 | -- | $647,700 +2% |
| 2004 | -- | $635,000 +500.4% |
| 2003 | -- | $105,765 +2% |
| 2002 | -- | $103,692 +2% |
| 2001 | $2,207 | $101,659 |
Find assessor info on the county website
Neighborhood: Fremont
Nearby homes
- $--3 bd2 ba800 sqft2261 48th Ave APT B, Oakland, CA 94601Off Market
- $770,3009 bd3 ba2.8k sqft2253 48th Ave, Oakland, CA 94601Off Market
- $--3 bd1 ba1k sqft2257 48th Ave, Oakland, CA 94601Off Market
- $656,0003 bd1 ba1.4k sqft2269 48th Ave, Oakland, CA 94601Off Market
- $889,40011 bd4 ba3.3k sqft2249 48th Ave, Oakland, CA 94601Off Market
- $458,5002 bd1 ba953 sqft2275 48th Ave, Oakland, CA 94601Off Market
- $382,9001 bd1 ba720 sqft2279 48th Ave, Oakland, CA 94601Off Market
- $--3 bd1 ba1k sqft2241 48th Ave #2239, Oakland, CA 94601Off Market
Nearby schools
GreatSchools rating
- 1/10Horace Mann Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Life AcademyGrades: 6-12Distance: 0.9 mi
- 2/10Fremont HighGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- District: OaklandUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,195,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,195,100
- California
- Alameda County
- Oakland
- 94601
- Fremont
- 2261 48th Ave
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