459 Wayne Ave, Oakland, CA 94606

Oakland
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
459 Wayne Ave,Oakland, CA 94606
$1,500,000
  • - Beds
  • - Baths
  • 2,547 sq. ft.
  • Multi-family
  • Active
Listed by: jatin mehta
Office: kite hill real estate
MLS#:41135461
Source:CAREIL

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$588.93

About this home

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...

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Home facts

  • Year built:1920
  • Listing ID #:41135461
  • Added:3 day(s) ago
  • Updated:May 25, 2026 at 04:38 PM

Rooms and interior

  • Flooring:Wood
  • Living area:2,547 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Year built:1920
  • Building area:2,547 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Regular
  • Construction Materials:Stucco
  • Exterior Features:Fenced Yard

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$588.93

Parking

  • Parking description:Detached Garage, Tandem
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