1430-1436 45Th Ave Oakland, CA 94601
- Apartment buildings
- 14,450 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1430-1436 45Th Ave
- Year built
- 1935
- Property size
- 14,450 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 10-unit apartment building in Oakland, CA, situated on two parcels (APN: 035-2358-036-02, 035-2358-037) at 1430-1436 45th Ave, 94601. The property comprises three buildings constructed between 1935 and 1941, totaling 14,450 square feet with 6,812 net rentable square feet. The unit mix includes three 2-bedroom, six 1-bedroom, and one studio apartment. Currently boasting 100% occupancy, the property generates a strong NOI of $97,437, representing a 6.52% cap rate. A pro-forma analysis projects a significant increase in NOI to $134,121 and an 8.97% cap rate, indicating substantial value-add potential through unit and common area upgrades. Nine off-street parking spaces and additional storage are included. The property benefits from its convenient location, offering easy access to major freeways (I-880 and I-580), public transportation, and nearby retail and restaurants. All units are individually metered for PG&E. Zoned R-70, this stabilized asset presents a compelling opportunity for both seasoned and first-time investors seeking a strong return on investment. The asking price is $1,495,000, or $149,500 per unit. This represents a compelling price per square foot of $219.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.212
- Latitude
- 37.772
