Oakland, CA 94606,516 Wesley Ave
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Oakland, CA 94606,516 Wesley Ave
Oakland, CA 94606,516 Wesley Ave
Oakland, CA 94606,516 Wesley Ave
Oakland, CA 94606,516 Wesley Ave

$1,110,000

Est. payment /mo

$1,150,000

3.5%
Est.Price: ?

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516 Wesley Ave Oakland, CA 94606

2,613 Sqft Lot

SOLD DATE : 11/22/2023

Key Details

Sold Price $1,110,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Lake Merritt

MLS Listing ID 41040596

Sold Date 11/22/23

HOA Y/N No

Year Built 1960

Lot Size 2,613 Sqft

Acres 0.06

Property Description

For investors seeking instant cash flow and a place to call home, Oakland’s 516 Wesley Avenue is a fourplex that ticks every box for investors as well as occupants. A corner lot consisting of two, 2BR/2BA and two, 1BR/1BA, this property is located in the immensely popular Cleveland Heights neighborhood—just two blocks from the shores of Lake Merritt. Three of each come with their own dedicated parking (a rarity for the area), and one of the two-bedroom units will be delivered vacant (the other three will remain occupied, generating an instant $4,850 per month). It should be noted that this unit, which shall be delivered vacant, was recently remodeled and includes an ensuite bathroom. Physical features aside, what really makes this property special is its proximity to everything a resident could want. Trader Joes, Whole Foods, BART, bars, restaurants, entertainment, freeways—they’re all 5 to 8 minutes away. This type of unbeatable lifestyle access ensures any future vacancies will be short-lived.

Location

State CA

County Alameda

Interior

Heating Natural Gas, Wall Furnace

Flooring Carpet, Laminate, Tile, Vinyl

Fireplace No

Appliance Gas Water Heater

Exterior

Garage Covered, Carport, On Street

View Lake

Parking Type Covered, Carport, On Street

Total Parking Spaces 3

Building

Lot Description Corner Lot, Street Level

Sewer Public Sewer

Others

Tax ID 23410331

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Joey Wang • Keller Williams Realty
Bought with Joey Wang • Keller Williams Realty

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

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