541 45th Street, Oakland, California 94609-2025
- $1,479,000
- $1,479,000
- $1,479,000
- $1,479,000
Overview
- Quadruplex, Residential Income
- 1941
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.
Address
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Address: 541 45th Street
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City: Oakland
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State/county: CA
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Zip/Postal Code: 94609-2025
Details
Updated on February 28, 2024 at 1:22 pm-
Property ID 41048723
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Price $1,479,000
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Land Area 0.1148 Acres
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Year Built 1941
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Property Type Quadruplex, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Conventional, 1031 Exchange
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Roof Shingle, Tile
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Sewer Public Sewer
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Heating Electric, Forced Air, Natural Gas, Wall Furnace
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Flooring Carpet, Laminate, Tile, Vinyl, Wood
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County Alameda
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Property Type Residential Income
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Parking Garage, Garage Door Opener, Other, On Street
Mortgage Calculator
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