Home | Alameda County | Oakland | 94606 | 459 Wayne Ave
459 Wayne Ave, Oakland, CA 94606
MLS: EB41135461 | Status: Active | Price: $1,500,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
2,547 |
5,438 |
1920 |
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 proper
| Field |
Value |
| MLS # |
EB41135461 |
| MLS Source |
Bridge MLS |
| Days on Site |
2 |
Features
Interior Features
| Feature |
Details |
| Flooring |
Wood |
| Cooling |
Other |
| Heating |
Gas |
Exterior Features
| Feature |
Details |
| Roof |
Other |
| Feature |
Details |
| Garage/Parking |
Detached, Tandem Parking, Garage: Car(s) |
Jatin Mehta
Kite Hill Real Estate
License #: 02045713
Phone: (510) 878-6800
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| – |
– |
4 |
Unit Details
| Unit # |
Sq Ft |
Beds |
Baths |
Rent |
| 1 |
508 |
1 |
0/0 |
$2,795 |
| 2 |
557 |
1 |
0/0 |
$2,495 |
| 3 |
536 |
1 |
0/0 |
$2,495 |
| 4 |
823 |
2 |
0/0 |
$2,750 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
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Disclosures
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This listing information is up-to-date as of May 21, 2026. For the most current information, please contact Jatin Mehta, (510) 878-6800.