Exceptional quality coupled with many recent renovations throughout. 872 S 45th Street offers investors a rare opportunity to acquire first class real estate. The subject property consists of 6 two bedroom, one bath apartment units situated on an approximately 9,000 Sq. Ft. Lot. The property has been exceptionally well-kept over the years and has received numerous recent upgrades by the current owner including: a new roof, new paint on the exterior, new dual pane windows, carpet/tile, interior paint, fixtures, and appliances.Each unit is separately metered for gas and electricity thereby ensuring stable expenses for the new buyer. Construction is of wood frame with stucco siding, new composition roof within the last two years. The building also offers six covered carport parking spaces along with onsite laundry and storage for additional income. The property is situated close to 580 and 80 freeways, and a short distance to the El Cerrito Bart station.This is a tremendous opportunity to acquire an investment property in a pride of ownership neighborhood that is in a strong rental market with a lack of developable land, good demographics, and a diverse economic base. Over the long-term life of this building, this will continue to be a desirable location with little downside risk. Two bedroom apartments provide for a very stable and reliable income stream as apartments like these will always be in high demand. Units of this size are also highly desirable due to the quality of the location, proximity to the employment centers in the Bay Area. Nearby parks include Booker Anderson Eastshore Park, Booker T Anderson Eastshore Park and Plaza One Park. Nearby schools include Stege Elementary School, Kappa Continuation High School and Kennedy High School.
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