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(408) 425-9359
Real Estate Company
541 45th Street, Oakland, CA 94609
- $1,500,000
- 6
- BD
- 3,714
- SqFt
Listed by Jennifer Loh, (510) 219-6125 from LOH Realty & Investments
(If provided) CoList: from
Sold listing courtesy of Giuseppe Zumbo from
- Sold Price
- $1,500,000
- List Price
- $1,479,000
- Closing Date
- Feb 27, 2024
- MLS#
- EB41048723
- Status
- SOLD
- Sqft. of Residence
- 3,714
- Lot Size
- 5,000
- Listing Area
- Oakland Zip Code 94609
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.
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Additional Information
- Acres
- 0.11
- Age
- 83
- Amenities
- Other
- Days On Market
- Unknown
- Exterior Features
- Stucco, Wood Frame
- Floor Covering
- Laminate, Carpet - Partial, Tile, Vinyl, Hardwood
- Garage Parking
- Attached Garage, Enclosed, Garage, Gate / Door Opener, Off-Street Parking, Other
- Heating System
- Forced Air, Gas, Wall Furnace, Electric
- Laundry Facilities
- In Laundry Room, Coin Operated, Washer, Dryer
- Living Area
- 3,714
- Lot Description
- Grade - Level
- Lot Size
- 5,000
- Neighborhood
- Oakland Zip Code 94609
- Numberof Units
- 4
- Roof
- Tile, Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
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