1432 45th Ave | Oakland, CA 94601
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1432 45th Ave
Oakland, CA 94601
Multifamily Property For Sale · 10 Units
Investment Highlights
- Centrally located
- 10 residential units on 2 parcels, 100% occupied
- Stabilized asset
- 9 onsite parking spaces + storage
- Potential upside in unit and common area upgrades
Executive Summary
1430, 1432, & 1436 45th Avenue sits on two parcels and consists of 10 apartments across 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 located in the rear of the buildings.
The three buildings built between 1935 & 1941 provide a 10-unit mix of (3) 2-bedrooms, (6) 1-bedooms, and 1-studio. In addition to the 9-parking spaces, there is also included storage. The convenient location of the property provides easy access to I-880 and I-580, International Boulevard, Foothill Boulevard, and High Street. Tenants are only a few blocks away from Retail and Restaurants. This is an excellent stabilized asset for both a seasoned or first-time investor.
The three buildings built between 1935 & 1941 provide a 10-unit mix of (3) 2-bedrooms, (6) 1-bedooms, and 1-studio. In addition to the 9-parking spaces, there is also included storage. The convenient location of the property provides easy access to I-880 and I-580, International Boulevard, Foothill Boulevard, and High Street. Tenants are only a few blocks away from Retail and Restaurants. This is an excellent stabilized asset for both a seasoned or first-time investor.
PROPERTY FACTS
| Price Per Unit | $149,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.52% | Building Size | 6,812 SF |
| Gross Rent Multiplier | 10.72 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 0.59/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | $149,500 |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| Gross Rent Multiplier | 10.72 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 6,812 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 0.59/1,000 SF |
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 6 | - | 575 |
| 2+1 | 3 | - | 675 - 1,512 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $705,444 | |
| Land Assessment | $264,390 | Total Assessment | $969,834 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$264,390
Improvements Assessment
$705,444
Total Assessment
$969,834
zoning
| Zoning Code | R70, Oakland (Residential development) |
| R70, Oakland (Residential development) |
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