Oakland, CA 94609-2025,541 45th Street
Oakland, CA 94609-2025,541 45th Street
Oakland, CA 94609-2025,541 45th Street
Oakland, CA 94609-2025,541 45th Street
Oakland, CA 94609-2025,541 45th Street
Oakland, CA 94609-2025,541 45th Street
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$1,500,000

$1,479,000

1.4%
Est.Price: ?

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Est. payment /mo

5,000 Sqft Lot


SOLD DATE : 02/27/2024

Key Details

Sold Price $1,500,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Temescal

MLS Listing ID 41048723

Sold Date 02/27/24

HOA Y/N No

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

Interior

Heating Electric, Forced Air, Natural Gas, Wall Furnace

Flooring Carpet, Laminate, Tile, Vinyl, Wood

Fireplace No

Appliance Gas Water Heater, Dryer, Washer

Exterior

Garage Garage, Garage Door Opener, Other, On Street

Roof Type Shingle,Tile

Parking Type Garage, Garage Door Opener, Other, On Street

Total Parking Spaces 2

Building

Lot Description Back Yard, Street Level, Yard

Sewer Public Sewer

Others

Tax ID 13109451

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Jennifer Loh • LOH Realty & Investments
Bought with Giuseppe Zumbo • Corcoran Icon Properties
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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