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541 45th ST Oakland, CA 94609-2025
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,714 sqft
Price per Sqft $403
MLS Listing ID EB41048723
Sold Date 02/27/24
Bedrooms 6
Originating Board Bridge MLS
Year Built 1941
Lot Size 5,000 Sqft
Property Description
539-545 45th Street is an incredibly rare opportunity to acquire a pridefully maintained 3,714±SF fourplex on a 5,000±SF parcel in the heart of one of Oakland's hottest submarkets, Temescal! Located within one half-block of bustling Telegraph Avenue, this income producing asset boasts a 97 WalkScore and 97 BikeScore, with rental demand driven by proximity to award-winning restaurants, retail, MacArthur BART Station, UCSF Benioff Children's Hospital, transit lines and freeway access. With one 1BD/1BA unit delivered vacant, 539-545 45th features a desirable unit mix of (1) 3BD/1BA; (3) 1BD/1BA. New ownership benefits from Seller's recent investment of over $100,000 in capital improvements and projected Potential Rental Income over $136,000/annually (5.71% cap rate, 11.35 GRM). Whether you are a first-time owner-user or seasoned multifamily investor, 539-545 45th appeals to a broad range of Buyers, offering the ideal combination of steady near-market rents coupled with maximum Day 1 flexibility, future upside, and conversion potential in one of the City's most desirable submarkets.
Location
State CA
County Alameda
Area Other Area
Interior
Heating Forced Air, Gas, Wall Furnace , Electric
Flooring Laminate, Carpet - Partial, Tile, Vinyl, Hardwood
Laundry In Laundry Room, Coin Operated, Washer, Dryer
Exterior
Exterior Feature Stucco, Wood Frame
Garage Attached Garage, Enclosed, Garage, Gate / Door Opener, Off-Street Parking, Other
Garage Spaces 2.0
Roof Type Tile,Composition
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public, Heater - Gas
Others
Tax ID 13-1094-51
Special Listing Condition Not Applicable
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Bought with Giuseppe Zumbo