Bought with Richard Thompson • CB RICHARD ELLIS
$2,100,000
$2,000,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
5,288 SqFt
SOLD DATE : 09/05/2019
Key Details
Sold Price $2,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,288 sqft
Price per Sqft $397
Subdivision China Hill
MLS Listing ID 40874462
Sold Date 09/05/19
HOA Y/N No
Originating Board Bridge AOR
Year Built 1940
Lot Size 7,313 Sqft
Property Description
407 Wayne Avenue is a classic 1940 vintage, four-unit, pride of ownership property with commanding views of Lake Merritt and beyond. The building is ±5,288 SF on a ±7,313 SF parcel zoned RU-3 which may allow additional density? All units are large two-bedroom, two-bath, ±1,200 SF. All are corner units with good light. The rooms are large and have hardwood floors. Cooking is gas. The heat is individual forced air. PG&E is separately metered. The roof and windows have been replaced in recent years. The upper units have balconies overlooking Lake Merritt. That space in the lower units overlooking Lake Merritt is enclosed. Each unit has garage parking that can include a tandem parking space. The open parking area is large. The units are ideal for rental or owner occupancy. The like building contiguous has been converted to condominiums. The 407 Wayne Avenue location, fronting Lakeshore Avenue, is accessed from Lakeshore Avenue via Hanover Avenue. See detailed Offering Memorandum!!!
Location
State CA
County Alameda
Interior
Heating Forced Air, Natural Gas
Cooling No Air Conditioning
Flooring Linoleum, Tile, Wood
Fireplace No
Appliance Dishwasher, Disposal, Gas Water Heater
Laundry Coin Operated, Common Area, Dryer, In Basement, Laundry Equip - Owned, Washer
Exterior
View City Lights, Downtown, Lake
Parking Type Garage Door Opener, Garage, Parking Lot
Building
Lot Description Sloped Down
Water Public
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
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