1432 45th Ave - Apartments FOR SALE


Oakland, CA 94601- Middle East Oakland
$1,475,000 USD
415-793-1403
1432 45th Ave, Oakland, CA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/66
null | 6.6% Cap Rate

1432 45th Ave
Oakland, CA 94601
Middle East Oakland


HIGHLIGHTS

  • Centrally located
  • 9 onsite parking spaces + storage
  • 10 residential units on 2 parcels, 100% occupied
  • Potential upside in unit and common area upgrades
  • Stabilized asset

OVERVIEW

1430-1436 45th Avenue sits on two parcels and consists of 3 buildings. One parcel has a triplex and detached residence, while the adjacent parcel has a six-unit building on it. The property is fully leased with the majority of the units collecting market-rate rents. All units are individually metered for PG&E. There are 9 off street parking spaces. Tenants have easy access to the I-880 and the Fruitvale Bart station. This is an excellent stabilized asset for both a seasoned or first-time investor. FEATURES: • Centrally located • 9 onsite parking spaces + storage • 10 residential units on 2 parcels, 100% occupied • Stabilized asset • Potential upside in unit and common area upgrades

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

10

PRICE/UNIT

$147,500

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,450 SF

ZONING

R70, Oakland

APN/PARCEL ID

035-2358-036-02,035-2358-037-00

ASK ABOUT THIS PROPERTY

Mark FryMaven Commercial, Inc.More Info
415-793-1403

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Mark FryMaven Commercial, Inc.More Info
415-793-1403

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.