516 Wesley Ave, Oakland, CA 94606

About this fourplex

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.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$1,110,000

Sold November 2023 · listed $1,150,000, on market September 2023 · MLS #41040596 · Source: CRMLS

Listing Agent: Joey Wang · Listing Office: Keller Williams Realty · Contact: 925-934-2900 · Bought with: Joey Wang · Keller Williams Realty

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