Oakland, CA 94609,541 45th Street
Listed by Jennifer Loh • LOH Realty & Investments
Bought with Giuseppe Zumbo • Corcoran Icon Properties

$1,500,000

Est. payment /mo

$1,479,000

1.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

541 45th Street Oakland, CA 94609

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

HOA Y/N No

Originating Board Bridge AOR

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, See Remarks

Cooling See Remarks

Flooring Hardwood, Laminate, Partial Carpeting, Tile, Vinyl, See Remarks

Fireplace No

Appliance Dryer, Washer, Gas Water Heater

Laundry Coin Operated, Dryer, Laundry Room, Washer, See Remarks, Sink

Exterior

Parking Type Garage Door Opener, Attached, Enclosed, Garage, Off Street, Other, Garage Faces Front, Private, Remote, See Remarks

Building

Lot Description Level, Back Yard, Front Yard, Garden, Landscape Misc, Security Gate, See Remarks

Water Public

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528

Our team is ready to help you sell your home for the highest possible price ASAP


Bay East AOR and Contra Costa AOR

GET MORE INFORMATION

Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.