2261 48th Avenue, Oakland, CA 94601
Fourplex · 2 recorded sales since 2017
Sold July 2026
Listing Agent: Eymon Binesh (DRE #02060059) · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Andarge Taye · Value Pacific Realty · MLS #ML82045267 · Source: CRMLS
How this sale compares
2261 48th Avenue sold for $1,195,000 in July 2026, at its full list price, after 52 days on the market. It was first listed at $1,500,000. That works out to $279 per square foot on 4,278 square feet. Across 82 closed sales in 94601 over the last 12 months, the median sold price is $600,000 and the median is $451 per square foot, 62% above this sale's $279.
| Quarter | Closed sales in 94601 | Median sold price |
|---|---|---|
| Q1 2026 | 12 | $535,000 |
| Q2 2026 | 41 | $665,000 |
| Q3 2026 | 29 | $570,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Oakland · Homes for sale in 94601
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.
Listing description from the July 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 2261 48th Avenue
4810 Fairfax: Sold $790,000 · Jul 2026 · 0.1 mi
RE/MAX Lifestyles | DRE #00815462
Buyer's agent: Nonmember Nonmember, Nonmember Office4500 San Carlos Ave: Sold $450,000 · Aug 2026 · 0.1 mi
Compass | DRE #01926266
Buyer's agent: Sierra Amato, Compass | DRE #022282175161 TRASK STREET: Sold $1,275,000 · 4 bd · 2 ba · 1,781 sqft · Jun 2026 · 0.2 mi
KW Advisors East Bay | DRE #01313613
Buyer's agent: Sarah Van Overbeek, Compass | DRE #021918602023 46th Ave: Sold $625,000 · 2 bd · 1 ba · 1,125 sqft · Aug 2026 · 0.3 mi
Intero Real Estate Services | DRE #01978841
Buyer's agent: Sade Christopher, All City Homes | DRE #021422065137 Fairfax Ave: Sold $900,000 · 3 bd · 2 ba · 1,427 sqft · Jun 2026 · 0.3 mi
First Class Realty & Mtg | DRE #01941720
Buyer's agent: Dina Williams, Redfin | DRE #021285911954 48Th Ave: Sold $490,000 · 2 bd · 1 ba · 1,060 sqft · Jul 2026 · 0.3 mi
Realty ONE Group Future | DRE #01441342
Buyer's agent: Cinthia Sandoval, Realty One Group Elite | DRE #020787215208 Trask St: Sold $700,000 · 3 bd · 1 ba · 1,576 sqft · Jul 2026 · 0.3 mi
Proxima Realty | DRE #01064343
Buyer's agent: Martin Kojnok, Corcoran Icon Properties | DRE #019416611967 Courtland Ave: Sold $440,000 · 4 bd · 3 ba · 2,194 sqft · Jun 2026 · 0.4 mi
Blue Sapphire Homes | DRE #01219753
Buyer's agent: Drew Eggum, Blue Sapphire Homes | DRE #01219753
Closed sales reported in 94601, nearest first, last 12 months. All recent sales in Oakland →