Bought with Joey Wang • Keller Williams Realty
$1,110,000
$1,150,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
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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