Seller's Agent in 2026
Eymon Binesh
Marcus & Millichap
(650) 391-1700
1 in this area
76 Total Sales
2261 48th Ave Oakland, CA 94601
Fremont Neighborhood
9
Beds
5
Baths
4,278
Sq Ft
7,318
Sq Ft Lot
About This Home
As of July 2026Marcus & 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.
Last Agent to Sell the Property
Marcus & Millichap License #02060059 Listed on: 04/30/2026
Property Details
Home Type
- Multi-Family
Year Built
- 1960
Parking
- 4 Car Attached Garage
Home Design
- Quadruplex
- Rolled or Hot Mop Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,278 Sq Ft Home
- 2-Story Property
Utilities
- Heating System Uses Gas
Listing and Financial Details
- Total Actual Rent $120,060
Community Details
Overview
Building Details
- 4 Leased Units
- Gardener Expense $2,100
- Insurance Expense $3,400
- Maintenance Expense $2,000
- Other Expense $2,564
- Utility Expense $3,620
- Trash Expense $2,300
- Operating Expense $39,333
- Gross Income $121,114
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 12, 2019
Sold by
Bought by
Purchase Details
Closed on
Jul 12, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 22, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.16%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jan 27, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.16%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
May 24, 2012
Sold by
Bought by
Purchase Details
Closed on
Dec 5, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,901
Interest Rate
6.16%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 14, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 13, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 13, 2003
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Grant Deed | $1,325,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Grant Deed | $800,000 | Attention Boston Natl Title | |
| Trustee Deed | $588,905 | None Available | |
| Grant Deed | $545,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | $700,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Placer Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $873,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $900,000 | New Conventional | |
| Previous Owner | $144,000 | Stand Alone Second | |
| Previous Owner | $288,000 | New Conventional | |
| Previous Owner | $537,901 | FHA | |
| Previous Owner | $630,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Credit Line Revolving |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/10/2026 07/10/26 | Sold | $1,195,000 | 0.0% | $279 / Sq Ft |
| 06/21/2026 06/21/26 | Pending | -- | -- | -- |
| 05/20/2026 05/20/26 | Price Changed | $1,195,000 | -20.3% | $279 / Sq Ft |
| 04/30/2026 04/30/26 | For Sale | $1,500,000 | -- | $351 / Sq Ft |
Source: MLSListings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $23,446 | $1,507,597 | $452,279 | $1,055,318 |
| 2024 | $22,665 | $1,478,037 | $443,411 | $1,034,626 |
| 2023 | $23,667 | $1,449,058 | $434,717 | $1,014,341 |
| 2022 | $22,917 | $1,420,651 | $426,195 | $994,456 |
| 2021 | $21,809 | $1,392,800 | $417,840 | $974,960 |
| 2020 | $21,563 | $1,378,530 | $413,559 | $964,971 |
| 2019 | $20,680 | $1,351,500 | $405,450 | $946,050 |
| 2018 | $20,240 | $1,325,000 | $397,500 | $927,500 |
| 2017 | $7,928 | $446,983 | $129,870 | $317,113 |
| 2016 | $7,658 | $438,218 | $127,323 | $310,895 |
| 2015 | $7,425 | $418,040 | $125,412 | $292,628 |
| 2014 | $9,428 | $409,851 | $122,955 | $286,896 |
Source: Public Records
Agents Affiliated with this Home
-
Eymon Binesh
-
Andy Taye
A
Buyer's Agent in 2026
Andy Taye
Value Pacific Realty
(408) 469-0262
1 in this area
10 Total Sales
Map
Source: MLSListings
MLS Number: ML82045267
APN: 036-2416-008-00
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