About this home

Value Pacific Realty is pleased to present to you 2261 48th Ave, Oakland a well-maintained great income generating 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. Three units are occupied with stable income, and one unit is just fully updated and ready for a primary owner residence or a new tenant with an estimated market rent for 2,700/m. The unit mix consists of three 2BD/1BA units and one 3BD/2BA unit, all with spacious layouts. Each unit is equipped with washer and dryer. The property offers 4 garage parking spaces (1:1 ratio), with additional parking space in front of the garage and street parking. individually metered gas and electric, and master metered water. Over $120k annual rental revenue. In-place rents for the three units are approximately 10-12% below market which can offer upside through rent growth over time. Conveniently located near High Street, Foothill Blvd, I580, I880, public transit, neighborhood retail, and parks. This is a solid multifamily investment in a strong East Oakland rental corridor.

Facts and features

Schools

• Horace Mann Elementary School

  elementary · K-5 · 0.3 mi

  1

• Fremont High

  high · 9-12 · 0.4 mi

  2

• Life Academy

  middle · 6-12 · 0.9 mi

  5

• Muhammad University Of Islam

  elementary · K-12 · 0.4 mi

• Melrose Leadership Academy

  elementary · K-8 · 0.4 mi

  7

• Clara Mohammed School

  elementary · K-12 · 0.4 mi

Price history

• Oct 23, 2026 · Listed$1,195,000
• Jul 10, 2026 · Sold$1,195,000
• Mar 18, 2025 · Listing Removed—
• Jan 9, 2025 · Price Changed$1,449,000
• Dec 4, 2024 · Listed$1,450,000
• Aug 9, 2023 · Listing Removed—
• Jun 7, 2023 · Price Changed$1,499,000
• May 28, 2023 · Price Changed$1,520,000

Tax history

• 2025$23,445 tax · $1,537,741 assessed
• 2024$22,665 tax · $1,507,597 assessed
• 2023$23,667 tax · $1,449,058 assessed
• 2022$22,916 tax · $1,420,651 assessed
• 2021$21,808 tax · $1,392,800 assessed
• 2020$21,562 tax · $1,378,530 assessed
• 2019$20,680 tax · $1,351,500 assessed
• 2018$20,240 tax · $1,325,000 assessed

Home value

$1,483,301

• Quantarium$1,483,301
• Collateral Analytics$1,185,000

Where it is