SOLD 02/27/2024
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Off the market 6 beds 3,714 sqft
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.
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Property details
3,714 sqft interior area
Property type
Home
Interior area
3,714 sqft
Land area
4,791 sqft (0.11 acres)
Price per sqft
$403/sqft
Address
541 45th St, Oakland, CA, 94609
City of California
Oakland
County
Alameda
Previous price
$1,479,000
Sold price
$1,500,000
nr.of parking places
4
Year Built
1941
Neighborhood
Temescal
District
Listing
Open Houses
No upcoming open houses
Interior Features
4 parking places, Hardwood, Laminate, Partial Carpeting, See Remarks, Tile, Vinyl floors
Beds
6
Floors
Hardwood, Laminate, Partial Carpeting, See Remarks, Tile, Vinyl
Security
Carbon Monoxide Detector(s), Security Fence, Security Gate, Smoke Detector(s), Window Bars
Parking
4
Garage & Parking
Garage Door Opener, Attached, Enclosed, Garage Faces Front, Garage, Off Street, Other, Private, Remote, See Remarks
Laundry Features
Coin Operated, Dryer, Laundry Room, See Remarks, Sink, Washer
Heathing & Cooling
See Remarks, Electric, Forced Air, Natural Gas, See Remarks, Wall Furnace
Amenities
See Remarks
Appliances
Dryer, Washer, Gas Water Heater
Basement
None
Listed by
Jennifer Loh, LOH Realty & Investments
Name
Jennifer Loh
License number
01518364
Brokerage company
LOH Realty & Investments
MLS #
41048723
Buyer agent
Name
Giuseppe Zumbo
Brokerage company
Corcoran Icon Properties
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Calculate your monthly payments
Mortgage
$4,606
Taxes
$0
HOA dues
$0
Mortgage
$300,000 / 20%
2.28%
30 years
Your amount
$4,606 / month
Exterior Features
Siding - Stucco, Stucco, Frame construction and more
Utilities
Water/Sewer See Remarks
Construction
Siding - Stucco, Stucco, Frame
Yard
Back Yard, Side Yard, Other, Entry Gate, Landscape Misc, Low Maintenance, Private Entrance, See Remarks, Yard Space
Lot details
TMK #13109451
Lot Description
Back Yard, Front Yard, Garden, Landscape Misc, Level, Security Gate, See Remarks
Parcel nr.
13109451
Temescal neighborhood info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in Temescal
39%
Families with children
National average: 39%
55%
Non family households
338,411
Population
$118,519
Average Income
Age & gender
Median age 38 years
More info
Commute types
50% commute by car
More info
Education level
33% have bachelor education
More info
Number of employees
2% work in management
More info
Vehicles available
48% have 1 vehicle
More info
Vehicles by gender
48% have 1 vehicle
More info
Housing market insights for
$1.31m
Neighborhood average
sales price*
sales price*
$1.09m
Neighborhood median
sales price*
sales price*
689
Number
of sales*
of sales*
Housing type
33% are apartments
More info
Rooms
33% of the houses have 2 or 3 rooms
More info
Bedrooms
48% have 2 or 3 bedrooms
More info
Owners vs Renters
62% are renters
More info
16.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Feb 27, 2024
Temescal Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| 2 beds | $987.5k | 33.33% |
| 3 beds | $1.22m | 33.33% |
| 4 beds | $1.85m | 16.67% |
| 6 beds | $1.5m | 16.67% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 27, 2024 | Sold | $1,500,000 | 403.88 | Public Record |
| Feb 27, 2024 | Price Increase | $1,500,000 +1.42% | 403.88 | MLS #41048723 |
| Feb 10, 2024 | Pending | $1,479,000 | 398.22 | MLS #41048723 |
| Jan 30, 2024 | New Listing | $1,479,000 | 398.22 | MLS #41048723 |
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Frequently Asked Questions about 541 45th St
What is 541 45th St?
541 45th St, Oakland, CA, 94609 is a single family home located in the Temescal neighborhood in the city of Oakland, California with zipcode 94609. This single family home has 6 bedrooms with an interior area of 3,714 sqft.
Which year was this home built?
This home was build in 1941.
Which year was this property last sold?
This property was sold in 2024.
What is the full address of this Home?
541 45th St, Oakland, CA, 94609.
Are grocery stores nearby?
The closest grocery stores are Whole Foods Market, 0.35 miles away and Baseline Produce, 0.67 miles away.
What is the neighborhood like?
The Temescal neighborhood has a population of 338,411, and 39% of the families have children. The median age is 38.12 years and 50% commute by car. The most popular housing type is "apartment" and 62% is renter.
Based on information from the bridgeMLS as of 04-27-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Feb 28, 2024
Verhouse Last checked 1 minute ago
The closest grocery stores are Whole Foods Market, 0.35 miles away and Baseline Produce, 0.67 miles away.
The Temescal neighborhood has a population of 338,411, and 39% of the families have children. The median age is 38.12 years and 50% commute by car. The most popular housing type is "apartment" and 62% is renter.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
