541 45th Street, Oakland, CA 94609

About this fourplex

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.

Listing description from the February 2024 sale, as reported to CRMLS.

Sale history

$1,500,000

Sold February 2024 · listed $1,479,000, on market January 2024 · MLS #41048723 · Source: CRMLS

Listing Agent: Jennifer Loh · Listing Office: LOH Realty & Investments · Contact: 510-339-9825 · Bought with: Giuseppe Zumbo · Corcoran Icon Properties

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