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516 Wesley Ave, Oakland, CA 94606
$1,110,000
516 Wesley Ave, Oakland, CA 94606View this property at 516 Wesley Ave, Oakland, CA 94606
516 Wesley AveOaklandCA94606
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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.
Full Property Details
Full Property Details for 516 Wesley Ave
General
- Sold For: $1,110,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 41040596
- Added to Site: 214 day(s) ago
Interior
- Appliances: Gas Water Heater
- Flooring: Laminate, Tile, Vinyl, Carpet
Exterior
- Exterior Features: Entry Gate
Parking
- Parking Features: Carport - 2 Or More, Covered, Off Street, Parking Lot, On Street, Street Parking
Location
- Area: Listing
- County: Alameda
- Subdivision: Lake Merritt
- Driving Directions: Brooklyn Ave to Wesley Ave
Heating & Cooling
- Cooling Type: No Air Conditioning
- Heating Type: Natural Gas, Wall Furnace, Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Individual Electric Meter, Individual Gas Meter
Structural Information
- Exterior Const.: Frame, Wood Siding
- Roof: Flat
- Living Area: 3,126 Sq. Ft.
- Year Built: 1960
Lot Features
- Property View: Lake
- Lot Size (Acres): 0.06
- Lot Dimensions: 2613.6
- Lot Features: Corner Lot, Level, Paved
- Lot Description: Corner Lot, Level, Paved
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $368
Disclosures and Reports
- Property ID: 23410331
Listed and Sold by Keller Williams Realty, Joey Wang
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Schools
Schools serving 516 Wesley Ave
School District:Oakland Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
745 Cleveland St, Oakland, CA 94606 | K-5 | 0.3 mi | |
3748 13th Ave, Oakland, CA 94610 | 6-8 | 1.1 mi | |
1023 Macarthur Blvd, Oakland, CA 94610 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 Wesley Ave
Date
Details
Price
Change
Source
11/22/2023
Sold
$1,110,000
-3.48%
MLS
9/29/2023
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
516 Wesley Ave, Oakland, CA 94606 (MLS# 41040596) is a Multi-Family property that was sold at $1,110,000 on November 22, 2023. Want to learn more about 516 Wesley Ave? Do you have questions about finding other Multi-Family real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.