NOT LISTED FOR SALE

516 Wesley Ave Oakland, CA 94606

Cleveland Heights Neighborhood

Estimated Value: $1,031,794 - $1,128,000

6 Beds
6 Baths
3,126 Sq Ft
$342/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $1,110,000 $355 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $7,035/month

33 Days on Market

Highlights

  • Chain Of Lake Views
  • No HOA
  • Tile Flooring
  • Corner Lot
  • Security Gate
  • 3-minute walk to Cleveland Cascade

About This Home

As of November 2023

For investors seeking instant cash flow and a place to call home, Oakland’s 516 Wesley Avenue is a fourplex that ticks every box for investors as well as occupants. A corner lot consisting of two, 2BR/2BA and two, 1BR/1BA, this property is located in the immensely popular Cleveland Heights neighborhood—just two blocks from the shores of Lake Merritt. Three of each come with their own dedicated parking (a rarity for the area), and one of the two-bedroom units will be delivered vacant (the other three will remain occupied, generating an instant $4,850 per month). It should be noted that this unit, which shall be delivered vacant, was recently remodeled and includes an ensuite bathroom. Physical features aside, what really makes this property special is its proximity to everything a resident could want. Trader Joes, Whole Foods, BART, bars, restaurants, entertainment, freeways—they’re all 5 to 8 minutes away. This type of unbeatable lifestyle access ensures any future vacancies will be short-lived.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 09/29/2023

Keller Williams Realty

Last Buyer's Agent

Joey Wang

Keller Williams Realty License #01890931 Listed on: 09/29/2023

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 2,490 Sq Ft Lot
  • Corner Lot
  • Paved or Partially Paved Lot

Property Views

  • Chain Of Lake Views

Home Design

  • Quadruplex
  • Frame Construction
  • Wood Siding

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Carport
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 3,126 Sq Ft Building
  • Bridge Aor Association
  • Lake Merritt Subdivision

Listing and Financial Details

  • Assessor Parcel Number 23410331

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Year Built: 1960
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Subdivision Name: LAKE MERRITT
  • Directions: Brooklyn Ave to Wesley Ave
  • Carport Y N: Yes
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile, Vinyl, Carpet
  • Basement: None
  • Appliances: Gas Water Heater
  • Total Bedrooms: 6

Exterior Features

  • Lot Features: Corner Lot, Level, Paved
  • View: Lake
  • View: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Entry Gate

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport - 2 Or More, Covered, Off Street, Parking Lot, On Street, Street Parking

Utilities

  • Heating: Natural Gas, Wall Furnace, Central
  • Utilities: Individual Electric Meter, Individual Gas Meter
  • Cooling: No Air Conditioning
  • Security: Carbon Monoxide Detector(s), Security Gate, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 2490
  • Parcel Number: 23410331
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 4052.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Nov 20, 2023
Sold by
Jeanne Y C Wong Trust
Bought by
Tiscareno Juan Francisco
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Joey Wang
Keller Williams Realty
List Price
$1,150,000
Sold Price
$1,110,000
Premium/Discount to List
-$40,000
-3.48%
Views
139
Current Estimated Value
$1,069,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,801
Avg. Annual Appreciation
-1.70%
Original Mortgage
$610,000
Outstanding Balance
$584,312
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$484,887

Purchase Details

Closed on
Jan 25, 2018
Sold by
Wong Jeanne Y C and Wong Jeanne Y
Bought by
Wong Jeanne Y C and The Jeanne Y C Wong Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tiscareno Juan Francisco $1,110,000 Fidelity National Title Compan
Wong Jeanne Y C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tiscareno Juan Francisco $610,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,110,000 -- --
11/22/2023 11/22/23 Sold $1,110,000 -3.5% $355 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $1,150,000 -- $368 / Sq Ft
Source: bridgeMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,733 $1,125,200 $339,660 $792,540
2024 $17,733 $1,103,000 $333,000 $777,000
2023 $8,857 $375,301 $131,355 $243,946
2022 $8,349 $367,943 $128,780 $239,163
2021 $7,560 $360,729 $126,255 $234,474
2020 $7,466 $357,031 $124,961 $232,070
2019 $6,909 $350,031 $122,511 $227,520
2018 $6,764 $343,169 $120,109 $223,060
2017 $6,382 $336,441 $117,754 $218,687
2016 $6,142 $329,845 $115,446 $214,399
2015 $6,103 $324,891 $113,712 $211,179
2014 $6,382 $318,527 $111,484 $207,043
Source: Public Records

Agents Affiliated with this Home

  • Joey Wang

    Seller's Agent in 2023

    Joey Wang

    Keller Williams Realty

    (510) 592-5554

    6 in this area

    145 Total Sales

    Joey Wang
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Map

Source: bridgeMLS

MLS Number: 41040596

bridgeMLS

APN: 023-0410-033-01

California Alameda County Oakland 94606 Cleveland Heights

516 Wesley Ave, Oakland, CA

Not Listed for Sale

MultiFamily

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.

bridgeMLS 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.

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