459 Wayne Ave, Oakland, CA 94606
FOR SALE

459 Wayne Ave
Oakland, CA 94606

Cleveland Heights
  • 5 Beds
  • 4 Baths
  • 2,547 sqft

$1,500,000

Est. Mortgage $9,090/mo*
Get Pre-Qualified

$1,500,000

Est. Mortgage $9,090/mo*
Get Pre-Qualified
5 Beds
4 Baths
2,547 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$589
Listed
5 days ago

Home Details for 459 Wayne Ave

Interior Features

Interior Details
Basement: None
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 4
Dimensions and Layout
Living Area: 2547 Square Feet
Appliances & Utilities
Utilities: Individual Electric Meter, Individual Gas Meter
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Other Solar
Windows, Doors, Floors & Walls
Flooring: Wood
Levels, Entrance, & Accessibility
Floors: Wood

Exterior Features

Exterior Home Features
Fencing: Fenced
Parking & Garage
No CarportHas a GarageNo Attached GarageParking: Detached,Tandem
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 5

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Construction Materials: Stucco
Property Information
Parcel Number: 223082

Price & Status

Price
List Price: $1,500,000Price Per Sqft: $589

Active Status

MLS Status: New

Location

Direction & Address
City: Oakland

Agent Information

Listing Agent
Listing ID: 41135461

Building

Building Area
Building Area: 2547 Square Feet

HOA

No HOA

Lot Information

Lot Area: 5227.2 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, 1031 Exchange

Miscellaneous

Mls Number: 41135461

Additional Information

Source Internet Entire Listing Display
Last check for updates: about 10 hours ago
Listing courtesy of Jatin Mehta DRE #02045713, (510) 878-6800
Kite Hill Real Estate
Source: bridgeMLS/CCAR/Bay East AOR, MLS#41135461
Also Listed on bridgeMLS/CCAR/Bay East AOR, CRMLS.

Price History for 459 Wayne Ave

DatePriceEventSource
05/21/2026$1,500,000Listed For SalebridgeMLS/CCAR/Bay East AOR #41135461
10/22/2024$1,500,000Sold
bridgeMLS/CCAR/Bay East AOR #41071524
10/11/2024$1,598,000PendingbridgeMLS/CCAR/Bay East AOR #41071524
08/31/2024$1,598,000Listed For SalebridgeMLS/CCAR/Bay East AOR #41071524
07/10/2018$1,200,000Sold
Bay East AOR #40812460
05/01/2018$1,188,000PendingAgent Provided
04/19/2018$1,188,000PendingToActiveAgent Provided
03/23/2018$1,188,000PendingAgent Provided
03/03/2018$1,188,000Listed For SaleAgent Provided
04/17/2003$625,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax
Assessment$1,500,000
Home facts updated by county records

Comparable Sales for 459 Wayne Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
521-525 Athol Ave, Oakland, CA
0.32
Multi-Family Home
$1,273,800
08/11/25
5
4
4,120
650 Hillsborough St, Oakland, CA
0.24
Multi-Family Home
$1,005,000
05/05/26
6
4
3,804
219 Foothill Blvd, Oakland, CA
0.38
Multi-Family Home
$1,050,000
06/26/25
4
4
3,114
408 Euclid Ave, Oakland, CA
0.45
Multi-Family Home
$1,800,000
10/17/25
4
3
2,868
621 E 21st St, Oakland, CA
0.42
Multi-Family Home
$860,000
01/02/26
3
4
2,927
1924 7th Ave, Oakland, CA
0.50
Multi-Family Home
$1,450,000
11/12/25
5
4
3,590
2306 Ivy Dr, Oakland, CA
0.44
Multi-Family Home
$1,250,000
05/07/26
4
2
2,143
145 E 15th St, Oakland, CA
0.43
Multi-Family Home
$1,015,000
08/15/25
7
3
3,403

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 459 Wayne Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Cleveland Heights
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Cleveland Heights

At least 83 Trulia users voted on each feature.

  • 92 % Say there are sidewalks

  • 90 % Say it's walkable to grocery stores

  • 88 % Say it's dog friendly

  • 87 % Say it's walkable to restaurants

  • 62 % Say streets are well-lit

  • 60 % Say neighbors are friendly

  • 50 % Say people would walk alone at night

  • 49 % Say they plan to stay for at least 5 years

  • 46 % Say there's holiday spirit

  • 45 % Say yards are well-kept

  • 45 % Say car is needed

  • 44 % Say there's wildlife

  • 44 % Say there are community events

  • 39 % Say it's quiet

  • 38 % Say kids play outside

  • 33 % Say parking is easy

Sourced by Trulia users. Learn more about our methodology.
  • Webbmarquis35
    "I drive my car so I don't use public transportation but it is right down The street and easy to access "
    0
    Flag
  • Trulia User
    "I love this place ❤️I want to live in this area these . My daughters like to live in this área , this place is amazing and me too thank you so much for everything."
    0
    Flag
  • Trulia User
    "Good place to live and hang out. There's mostly apartment buildings in this neighborhood, so not great for people wanting to buy a house. if you are a chill person or couple you'll like it here. "
    0
    Flag
  • Trulia User
    "I’ve lived in this neighborhood for 7 years and love it. We all know one another and lakeshore and Lake Merritt are close by. "
    2
    Flag
  • Trulia User
    "It’s a great place to walk with or without a dog. The views and homes are beautiful. There also many historic homes in this area. "
    0
    Flag
  • Carlyniccolelund
    "It is a very quiet, neighborly place. I feel very safe walking my dogs at night and everyone always says hello when passing by."
    2
    Flag
  • Dennis A.
    "Not much from the neighbors themselves, but lots going on around the lake that’s accessible from here. "
    1
    Flag
  • Katelynpcabot
    "Great for dog walks but hard to have off leash! The traffic varies, off the main streets is much safer than along lake shore etc "
    0
    Flag
  • Savannah L.
    "There are multiple parks available in addition to walking by the lake. Lots of other dog owners around."
    0
    Flag
  • M.mkonu
    "It has got crowded here over the last few years - traffic is worse, parking is impossible - especially evenings around the neighborhood."
    1
    Flag
  • Brandon Y.
    "this area is great for families with young kids. lot's of good parks to go hang out at. This is not a super trendy area area, there are a few things to do, but if you want fancy food, you'll have to leave the neighborhood to get it. "
    1
    Flag
  • Heathervanatta
    "Everything is within walking distance farmers market is close by there’s a movie theater here neighbors are really friendly lake is beautiful"
    0
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  • Kally Price
    "It is very close to the freeway, which means you can hear it too. There are a few bus stops including the transbay bus nearby. "
    0
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  • Veronica M.
    "Like! It’s by the lake with lots of other friendly dogs. People run around the lake with their dogs. Very dog friendly neighborhood. "
    0
    Flag
  • Josephe c.
    "Super cute neighborhood with apartments and houses. Grocery shopping, coffee shops, and restaurants all within walking distance. "
    3
    Flag
  • Karen C.
    "Great access to the transbay bus and NL bus that goes to 19th Street BART, but a 30+ minute walk to either Lake Merritt or 19th Street BART."
    0
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  • Dallasdotter
    "Short bike ride or catch AC Tranit to downtown Oakland (~15 minutes). Sometimes take Bart from there to the city (another 15-20 minutes)."
    0
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  • Snfpatrick
    "It feels like I’m out of the city at night which I like because it’s quiet and I wish I wasn’t living in the city at all "
    2
    Flag
  • Aprille F.
    "I have lived here 13 years. I have seen it change so much in recent years. It is getting crowded, but it is still a luxury to be close to all the happenings of Oakland and a stone’s throw from the lake. It has been good to me, this ‘hood!"
    1
    Flag
  • Sue G.
    "It’s close to Lake Merritt, which is an oasis in the city of Oakland! Love Oakland. Love the neighborhood."
    0
    Flag
  • chezrachel
    "I live in this neighborhood. It's a wonderful area, in walking distance of restaurants, shops, and the beautiful Lake Merritt."
    2
    Flag

LGBTQ Local Legal Protections

Jatin Mehta, Kite Hill Real Estate
Agent Phone: (510) 878-6800
Bay East 2026. CCAR 2026. bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2026-05-24 23:49:31 PDT.
459 Wayne Ave, Oakland, CA 94606 is a 5 bedroom, 4 bathroom, 2,547 sqft multi-family built in 1920. 459 Wayne Ave is located in Cleveland Heights, Oakland. This property is currently available for sale and was listed by bridgeMLS/CCAR/Bay East AOR on May 21, 2026. The MLS # for this home is MLS# 41135461.