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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
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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Bought with Joey Wang • Keller Williams Realty