$1,500,000
$1,479,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3,714 SqFt
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
Square Footage 3,714 sqft
Price per Sqft $403
Subdivision Temescal
MLS Listing ID 41048723
Sold Date 02/27/24
Bedrooms 6
HOA Y/N No
Year Built 1941
Lot Size 5,000 Sqft
Acres 0.11
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 Listing
Rooms
Basement None
Interior
Heating Electric, Forced Air, Natural Gas, Wall Furnace, See Remarks
Cooling See Remarks
Flooring Hardwood, Laminate, Partial Carpeting, See Remarks, Tile, Vinyl
Fireplace No
Appliance Dryer, Washer, Gas Water Heater
Laundry Coin Operated, Dryer, Laundry Room, Washer, See Remarks, Sink
Exterior
Exterior Feature Back Yard, Side Yard, Other, Entry Gate, Landscape Misc, Low Maintenance, Private Entrance, See Remarks, Yard Space
Utilities Available Water/Sewer See Remarks
Parking Type Garage Door Opener, Attached, Enclosed, Garage, Off Street, Other, Garage Faces Front, Private, Remote, See Remarks
Total Parking Spaces 4
Building
Lot Description Back Yard, Level, Front Yard, Garden, Landscape Misc, Security Gate, See Remarks
New Construction No
Others
Tax ID 13109451
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with GiuseppeZumbo
