$2,775,000
SOLD DEC 30, 2024

485 Cheney Ave Oakland, CA 94610

Grand Lake Neighborhood
12 Beds
-- Bath
9,437 Sq Ft
10,500 Sq Ft Lot

Recently Sold

$294 Per Sq Ft

10% Below List Price

161 Days on Market

About This Home

As of December 2024

479 & 485 Cheney Avenue are two multi family buildings on separate lots being operated and sold as one 12 unit property. They are nearly identical 6 unit buildings with all one bedroom units, connected by a shared driveway and gated backyard/parking lot. The units have all been renovated with updated kitchens and bathrooms while maintaining period details including living room built-ins, hardwood floors, and lovely clawfoot bathtubs. The bedrooms are ample sized, and all the units boast huge closets, additional storage and great natural light. 479 Cheney Ave. houses the laundry room (2 washers/2 dryers) for both buildings with exterior access from the backyard. The units are all separately metered for gas and electricity and have their own water heaters. Tenants pay for their own gas heat.

Last Agent to Sell the Property

Daniel McGue

Coldwell Banker Commercial Rea License #00656579 Listed on: 07/22/2024

Coldwell Banker Commercial Rea

Last Buyer's Agent

Christopher Salazar

eXp Realty of California License #02194921

eXp Realty of California

Property Details

Home Type

  • Multi-Family

Lot Details

  • 10,500 Sq Ft Lot

Parking

  • 1 Car Garage
  • 10 Open Parking Spaces
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • 9,437 Sq Ft Home

Community Details

  • 12 Units
  • 12 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 011-0837-078

Property Details

Home Type

Multi-Family

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 18
  • Price Per Square Foot: 294.06
  • Square Footage: 9437.00

Garage/Parking

  • Garage Spaces: 1.00
  • Parking Features: Garage Door Opener, Off Street
  • Total Parking Spaces: 11.00
  • Independent Parking Spaces: 10

Lot Info

  • Assessor Parcel Number: 011-0837-078
  • Lot Features: Shape Regular
  • Lot Size Acres: 0.2410
  • Lot Size Sq Ft: 10500.00
  • Lot Size Units: SqFt
  • Price Per Acre: 11514522.82

Building Info

  • Number of Units Total: 12

Rental Info

  • Units Furnished: None

Multi Family

  • Gross Rent Multiplier: 8.99
  • Number Of1 Bedrooms Occupied: 12
  • Number of 1 Bedroom Units: 12
  • Number Of Units Leased: 12

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $2,775,000 -9.6% $294 / Sq Ft
12/30/2024 12/30/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $3,070,000 -- $325 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Daniel McGue

    Seller's Agent in 2024

    Daniel McGue

    Coldwell Banker Commercial Rea

    (415) 229-1218

    2 in this area

    62 Total Sales

    Daniel McGue
    Section Image
  • Christopher Salazar

    Buyer's Agent in 2024

    Christopher Salazar

    eXp Realty of California

    (925) 794-4989

    1 in this area

    26 Total Sales

    Christopher Salazar
    Section Image
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424051494

San Francisco Association of REALTORS® MLS
California Alameda County Oakland 94610 Grand Lake

485 Cheney Ave, Oakland, CA

This home is located at 485 Cheney Ave, Oakland, CA 94610 and is currently priced at $2,775,000, approximately $294 per square foot. 485 Cheney Ave is a home located in Alameda County with nearby schools including Cleveland Elementary School, Westlake Middle School, and Oakland Technical High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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