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.
Sold for $1,500,000 on 02/27/24
$1,500,000
541 45th St, Oakland, CA 94609
6beds
4baths
3,714sqft
Quadruplex
Built in 1941
-- sqft lot
$1,431,200 Zestimate®
$404/sqft
$3,456 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 28, 2024 at 02:29am
Listed by:
Jennifer Loh 510-219-6125,
Wellington Property Company
Bought with:
Giuseppe Zumbo, DRE #01753412
Corcoran Icon Properties
Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41048723
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Electric, Forced Air, Natural Gas, Wall Furnace, See Remarks
Cooling
- See Remarks
Appliances
- Included: Dryer, Washer
- Laundry: Coin Operated, Dryer, Washer, See Remarks, Sink
Features
- Flooring: Laminate, Partial Carpeting, Tile, Vinyl, See Remarks
- Basement: None
Interior area
- Total structure area: 3,714
- Total interior livable area: 3,714 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage Door Opener, Attached, Enclosed, Garage, Off Street, Other, Garage Faces Front, Private, Remote, See Remarks
- Has attached garage: Yes
Features
- Exterior features: Back Yard, Side Yard, Other, Entry Gate, Low Maintenance, Private Entrance, See Remarks, Yard Space
- Fencing: Fenced,Wood
Lot
- Size: 4,791 sqft
- Features: Level, Front Yard, Garden, Security Gate, See Remarks
Details
- Parcel number: 13109451
- Special conditions: Standard
- Other equipment: See Remarks
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Stucco, Frame, Siding - Stucco
Condition
- Year built: 1941
Utilities & green energy
- Electric: No Solar
- Utilities for property: Water/Sewer See Remarks
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Security Fence, Security Gate
Location
- Region: Oakland
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,Call Listing Agent
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Estimated market value
$1,431,200