10 Unit Apartment Building
$1,475,000
1432 45th Avenue, Oakland, CA 94601
For Sale
Multifamily
Active
Last Updated: 12/18/2024
6.6
Cap Rate
6,812 sqft
Building Size
Details:
Cap Rate: 6.6%
Building Size: 6,812 sqft
Lot Area: 14,450 sqft
GRM: 10.58
Year Built: 1935 / 1941
Price Per Sqft: $217
Zoning: R-70
Highlights:
- 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
Description:
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.
Documents:
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1432_45th_Ave_OM__Dec2024.pdf
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Location
Gallery
