459 Wayne Ave
Oakland, CA 94606
5
Bed
4
Bath
5,438Sqft(Lot)
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 laund
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 0 -
Interior Features
Flooring: Wood -
Cooling Features
See Remarks Air ConditioningHeating Source
Natural Gas Has Heating
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Building Information
Year Built: 1920 Construction: Stucco
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1248 -
Lot Size Source: Public Records Lot Size Square Feet: 5438
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Listing Price Information
Original List Price: 1,500,000 Listing Contract Date: 2026-05-20
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Tax Information
Parcel Number: 223082
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Garage and Parking
Garage Description: GarageHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: Directions: Cross Street: Hanover Ave. Source Property Type: Residential Income Property SubType: Quadruplex -
Building and Construction
Property Age: 106 Structure Type: Quadruplex Year Built Source: Vendor Enhanced
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1927 E 15th Street, Oakland, CA, 94606 | $900,000 | -- | -- | 2,493 | 2,493 SqFt |
| 2731 Vallecito Place, Oakland, CA, 94606 | $415,000 | -- | -- | 1,496 | 1,496 SqFt |
| 2212 17th Ave, Oakland, CA, 94606 | $699,000 | 4 | 3 | -- | |
| 2445 10th Avenue, Oakland, CA, 94606 | $569,000 | 3 | 2 | 2,175 | 2,175 SqFt |
| 2116 International Blvd, Oakland, CA, 94606 | $1,280,000 | 8 | 5 | -- | |
| 1925 E 15th St, Oakland, CA, 94606 | $925,000 | 8 | 3 | -- | |
| 1718 6th Avenue, Oakland, CA, 94606 | $795,000 | 4 | -- | 2,428 | 2,428 SqFt |
| 1439 7th Ave, Oakland, CA, 94606 | $695,000 | 4 | 4 | -- | |
| 1011 E 11th St, Oakland, CA, 94606 | $850,000 | 5 | 5 | -- | |
| 220 International Blvd, Oakland, CA, 94606 | $568,000 | -- | -- | -- |
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ByOwner last updated this listing 06/09/2026 @ 01:20
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