2261 48th Avenue

Property Overview
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.
Home Details
- Property type
- ResidentialIncome - Quadruplex
- Year built
- 1960
- Living area
- 4,278 sq ft
- Lot size
- 7,300 sq ft
- Parking
- 4 spaces
- Garage
- 4 spaces
- Stories
- 2.0
- Days on market
- 20
- MLS status
- Active
- Zoning
- RM
Community, Schools & Utilities
Utilities
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
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“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

