Oakland, CA 94606,516 Wesley Ave
Listed by Joey Wang • Keller Williams Realty
Bought with Joey Wang • Keller Williams Realty

$1,110,000

$1,150,000

3.5%
Est.Price: ?

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Est. payment /mo

3,126 SqFt


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

Square Footage 3,126 sqft

Price per Sqft $355

Subdivision Lake Merritt

MLS Listing ID 41040596

Sold Date 11/22/23

HOA Y/N No

Originating Board Bridge AOR

Year Built 1960

Lot Size 2,490 Sqft

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, Central

Cooling No Air Conditioning

Flooring Laminate, Tile, Vinyl, Carpet

Fireplace No

Appliance Gas Water Heater

Exterior

View Lake

Parking Type Carport - 2 Or More, Covered, Off Street, Parking Lot, On Street, Street Parking

Building

Lot Description Corner Lot, Level, Paved

Water Public

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Bay East AOR and Contra Costa AOR

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Paul LeJoy

Broker-Owner | Lic# 01467744

+1(510) 299-0093

34906 Newark Blvd, Newark, CA

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