459 Wayne Ave, Oakland, CA 94606
Fourplex · 2 recorded sales since 2024
Sold June 2026
Listing Agent: Jatin Mehta (DRE #02045713) · Listing Office: Kite Hill Real Estate · Contact: 855-450-0442 · Bought with: Amin Kuchaki Rafsanjani · Skylight Homes · MLS #41135461 · Source: CRMLS
How this sale compares
459 Wayne Ave sold for $1,450,000 in June 2026, 3.3% under its $1,500,000 list price, after 35 days on the market. Across 78 closed sales in 94606 over the last 12 months, the median sold price is $620,450 and the median is $510 per square foot.
| Quarter | Closed sales in 94606 | Median sold price |
|---|---|---|
| Q1 2026 | 5 | $578,000 |
| Q2 2026 | 35 | $925,000 |
| Q3 2026 | 38 | $517,500 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Oakland · Homes for sale in 94606
Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. 459 Wayne Ave is a fully remodeled 4-unit apartment building in Cleveland Heights, Oakland, presenting an outstanding investment opportunity for multiple different buyers. Each unit features modernized interiors, with three 1-bedroom units and a 2-bed, 1-bath owner’s unit that’s ideal for an owner-occupier. Previously, the property was successfully rented as medium-term rentals with furnished units. The current owner is open to including the furniture in the sale, allowing the new buyer to continue this strategy seamlessly. Financially, the property is strong, with a Gross Rent Multiplier (GRM) of 11.64 and a cap rate of 5.53%. It generates a monthly rental income of $10,735, totaling $128,820 annually ( Including laundry ). The property has been fully remodeled, including rewiring and some exterior updates, such as new paint, fascia, and soffit work. Additional amenities include 4 off-street parking spaces, 1 garage, coin-operated laundry, and a shared common space in the back. Moreover, the property is entitled for the development of 20 new apartment units, offering a prime opportunity for investors looking to expand or redevelop. This potential for growth in Oakland's thriving rental market makes the property a versatile and promising investment. Whether you’re seeking a stable income-generating asset or interested in a larger development project, this property offers significant flexibility and growth potential, making it a valuable addition to any real estate portfolio.
Listing description from the June 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 459 Wayne Ave
322 Hanover Ave 107: Sold $460,000 · 2 bd · 2 ba · 1,137 sqft · Jun 2026 · 0.1 mi
Coldwell Banker | DRE #02112635
Buyer's agent: Veasna Chhith, eXp Realty of California | DRE #02103800322 Hanover Ave 409: Sold $485,000 · 2 bd · 2 ba · 832 sqft · May 2026 · 0.1 mi
Compass | DRE #01707909
Buyer's agent: Gurpreet Kaur, Exp Realty of California Inc. | DRE #01888344617 619 Cleveland: Sold $625,000 · Jun 2026 · 0.2 mi
SparkerRED | DRE #02130297
Buyer's agent: Stephen Parker, Stephen Paul Parker, Broker | DRE #01148425650 Hillsborough St: Sold $1,005,000 · May 2026 · 0.2 mi
New Horizon Real Estate | DRE #01862297
Buyer's agent: Keenan Howard, Keenan Howard Realty, Inc. | DRE #01236118528 Haddon Rd: Sold $1,475,000 · 4 bd · 2 ba · 2,068 sqft · Aug 2026 · 0.3 mi
Compass | DRE #01813909
Buyer's agent: Abraham Butler-Rotholz, Real Brokerage Technologies | DRE #022228911911 5Th Ave: Sold $1,020,000 · Jun 2026 · 0.3 mi
BETTER HOMES REALTY/MCARTHR | DRE #00631087
Buyer's agent: Joel Gile, Coldwell Banker | DRE #021194332257 Park Blvd: Sold $1,090,000 · Jun 2026 · 0.3 mi
Corcoran Icon Properties | DRE #00770636
Buyer's agent: Gina Washburn, Seeking Homes | DRE #007982682306 Ivy Dr: Sold $1,250,000 · May 2026 · 0.4 mi
Compass | DRE #01233563
Buyer's agent: Alonya Buford, KW Advisors East Bay | DRE #01747429
Closed sales reported in 94606, nearest first, last 12 months. All recent sales in Oakland →