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541 45th Street, Oakland, CA 94609
$1,500,000
541 45th Street, Oakland, CA 94609View this property at 541 45th Street, Oakland, CA 94609
541 45th StreetOaklandCA94609
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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.
Full Property Details
Full Property Details for 541 45th St
General
- Sold For: $1,500,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 41048723
- Added to Site: 108 day(s) ago
Interior
- Appliances: Dryer, Washer, Gas Water Heater
- Flooring: Hardwood, Laminate, Partial Carpeting, Tile, Vinyl, See Remarks
Rooms
Other Rooms
- Laundry: Coin Operated, Dryer, Laundry Room, Washer, See Remarks, Sink, Coin Operated, Dryer, Laundry Room, Washer, See Remarks, Sink
Exterior
- Exterior Features: Back Yard, Side Yard, Other, Entry Gate, Landscape Misc, Low Maintenance, Private Entrance, See Remarks, Yard Space
Parking
- Parking Features: Garage Door Opener, Attached, Enclosed, Garage, Off Street, Other, Garage Faces Front, Private, Remote, See Remarks
Location
- Area: Listing
- County: Alameda
- Subdivision: Temescal
- Driving Directions: North on Telegraph Ave, Left on 45th Street
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: Electric, Forced Air, Natural Gas, Wall Furnace, See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Water/Sewer See Remarks
Structural Information
- Exterior Const.: Stucco, Frame, Siding - Stucco
- Roof: Composition Shingles, Tile, See Remarks
- Living Area: 3,714 Sq. Ft.
- Year Built: 1941
Lot Features
- Lot Size (Acres): 0.11
- Lot Dimensions: 5000
- Lot Features: Level, Back Yard, Front Yard, Garden, Landscape Misc, Security Gate, See Remarks
- Lot Description: Level, Back Yard, Front Yard, Garden, Landscape Misc, Security Gate, See Remarks
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $398
Disclosures and Reports
- Property ID: 13109451
Listed by LOH Realty & Investments, Jennifer Loh
Sold by Corcoran Icon Properties, Giuseppe Zumbo
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Schools
Schools serving 541 45th St
School District:Oakland Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4803 Lawton Ave, Oakland, CA 94609 | K-5 | 0.4 mi | |
5750 College Ave, Oakland, CA 94618 | 6-8 | 1.1 mi | |
4351 Broadway, Oakland, CA 94611 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 541 45th St
Date
Details
Price
Change
Source
2/27/2024
Sold
$1,500,000
1.42%
MLS
1/30/2024
Listed
$1,479,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
541 45th Street, Oakland, CA 94609 (MLS# 41048723) is a Multi-Family property that was sold at $1,500,000 on February 27, 2024. Want to learn more about 541 45th Street? Do you have questions about finding other Multi-Family real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.