Renovated Quadplex with Coin
For Sale
$1,500,000
Pending
459 Wayne Ave, Oakland, CA 94606
Renovated quadplex with updated interiors, coin-operated laundry, shared back common space, and off-street parking.
Property SizeContact for details
Days on Market105
Property Features for 459 Wayne Ave
General Information
Standard status
Pending
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Furnished
Yes
Cap Rate
5.53%
Multifamily Units
4
Amenities
coin-operated laundry
shared common space
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Kite Hill Real Estate
(855) 450-0442
Listed By:
Jatin Mehta · License #02045713
(510) 878-6800
Source:
Exitrealty
Added: May 27
Changed: Sep 1
Last Checked: Sep 7 at 7:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kite Hill Real Estate
Investment Insights
Based on property information with market context.
459 Wayne Ave is a quadplex featuring three 1-bedroom units and one 2-bedroom, 1-bath unit. The interiors have been modernized, including updated wiring, and the exterior has received improvements such as new paint and fascia/soffit work. Residents also benefit from coin-operated laundry and a shared common space in the back.
The property includes four off-street parking spaces and one garage. Current information indicates the sale can include furniture to support the existing medium-term furnished rental strategy.
In addition to the in-place income, the property is entitled for development of 20 new apartment units, presenting an expansion or redevelopment pathway. A potential garage conversion ADU is also referenced, with the buyer to verify.
The property includes four off-street parking spaces and one garage. Current information indicates the sale can include furniture to support the existing medium-term furnished rental strategy.
In addition to the in-place income, the property is entitled for development of 20 new apartment units, presenting an expansion or redevelopment pathway. A potential garage conversion ADU is also referenced, with the buyer to verify.
Key Highlights
- Renovated quadplex (3 one‑bedroom units and 1 two‑bedroom, 1‑bath)
- GRM of 11.64 and cap rate of 5.53%
- Modernized interiors with fully remodeled units and updated wiring
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,390
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated quadplex with updated interiors, coin-operated laundry, shared back common space, and off-street parking.
Where is this quadplex located?
The property is located at 459 Wayne Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Renovated quadplex (3 one‑bedroom units and 1 two‑bedroom, 1‑bath); GRM of 11.64 and cap rate of 5.53%; Modernized interiors with fully remodeled units and updated wiring
