481 Wickson Avenue

Oakland, CA 94610

$1,295,000
Price
Beds
4,605 Sq. Ft.
$281 / Sq. Ft.
4,605
Sq. Ft.
$281
per Sq. Ft.

Description

An exceptional investment opportunity in the highly sought-after Grand Lake area, just behind the iconic Grand Lake Theater. This two-story, 5-unit apartment building features a front structure built in 1943, with a rear addition built later, providing a total of +/-4,605 square feet of living space. The unit mix includes (4) 2-bedroom/1-bath units & (1) 1 bedroom/1-bath unit. In a vibrant neighborhood with increasing property values & strong demand for housing, this is a prime opportunity for investors....An exceptional investment opportunity in the highly sought-after Grand Lake area, just behind the iconic Grand Lake Theater. This two-story, 5-unit apartment building features a front structure built in 1943, with a rear addition built later, providing a total of +/-4,605 square feet of living space. The unit mix includes (4) 2-bedroom/1-bath units & (1) 1 bedroom/1-bath unit. In a vibrant neighborhood with increasing property values & strong demand for housing, this is a prime opportunity for investors. $76,488/annually (+/-4.725% cap rate, +/-16.93 GRM). Vacant 2bd/1ba offers significant rental upside $105,960 +/-annually (+/-6.54% cap rate, +/-12.22 GRM). Add value opportunity with potential projected rental income of $153,600+/-annually (+/-9.35% cap rate, +/-8.56 GRM). (5) Gas meters, (4) Electric meters, (4) Water meters, (5) Off-street parking spaces. Situated between Grand Ave and Lakeshore Ave, join friends for brunch at one of the many diverse eateries or catch the latest movie from the iconic Grand Lake Theater or gather your organic produce every Saturday morning at the farmer’s market. Enjoy the Lake Merritt vibe and get in your daily exercise along the lakefront with a WalkScore of 97. Located near BART, downtown Oak-SF, casual carpool & major freeways.
  1. Listed by Giuseppe Zumbo • DRE #01753412 • Corcoran Icon Properties

Property Details for 481 Wickson Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Spaces per Unit - 1, Off-Site Parking
Total # Parking Spaces
5

Open Houses

Saturday, Nov 23rd

1:00 PM - 3:00 PM

Public

LISTING UPDATED: 11/20/2024 02:19 PM

Property Details for 481 Wickson Avenue

StatusNew
MLS #41079321
Days on Compass1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1943
Lot Size0.11 AC / 5,000 SF
CountyAlameda County

Building Information for 481 Wickson Avenue

Stories-Residences5Year Built1943Building Size-Lot Size0.11 AC / 5,000 SF

Property Information for 481 Wickson Avenue

Features
Feature Details
  • Flooring: Other
Room Details
  • Additional Rooms: Basement - Storage Area
Utility Details
  • Cooling: None
  • Heating: Central Gravity, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Carbon Mon Detector, Double Strapped Water Htr, Smoke Detector, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stone, Wood Siding
  • Lot Description: Regular
  • Lot Sq Ft Apx: 5000
  • Lot Size Square Feet: 5000.0
  • Roof: Composition Shingles, Rolled Composition
  • Sq Ft Apx: 4605
  • Year Built: 1943
Location Details
  • Directions to Property: Lake Park Ave-Walker-Wickson
  • FIPS Code: 06001
  • Census Tract: 4038/3
  • Parcel Number: 11-837-61
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 5
  • Basement: Storage Area
  • Separate Meters: Gas
  • Tenant Pays: Other
  • Financial Data Source: Other
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 481
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Rent: 1603
Unit 2
  • Unit 2 # Units This Type?: 481 E
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 1+
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Rent: 1502
Unit 3
  • Unit 3 # Units This Type?: 483 A
  • Unit # 3 Occupied By: Vacant
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 1
  • Unit # 3 Rent: 0
Unit 4
  • Unit 4 # Units This Type?: 483 B
  • Unit # 4 Air Cond: No
  • Unit # 4 Fireplace: No
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 2
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Parking Spaces: 1
  • Unit # 4 Rent: 1715
Unit 5
  • Unit 5 # Units This Type?: 483 C
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 Air Cond: No
  • Unit # 5 Fireplace: Yes
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 2+
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 1
  • Unit # 5 Rent: 1554
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • On Site Parking Description: Off Site Parking, Space Per Unit - 1
Other Financial Information
  • Existing Loan: None
  • Ocpnt Req 24 Hr: No
Additional Information
Additional Information
  • Fireplace: No

Property History for 481 Wickson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 481 Wickson Avenue

Taxable ValueLand$68,986Additions$69,227Total$138,213
Tax Record2024$6,423 ($535 / month)
Home Facts
Total Finished SqFt4,605 SqFtAbove Grade Finished SqFt4,605 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1943CountyALAMEDAAPN11-837-61

Schools near 481 Wickson Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Cleveland Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

AIMS College Prep High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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481 Wickson Avenue is a multi-family home for sale in Oakland, CA 94610. This property was listed for sale on November 20, 2024 by Corcoran Icon Properties, it's currently listed at $1,295,000. This listing's school district is Oakland Unified School District. Nearby schools include Cleveland Elementary School, Westlake Middle School and Oakland Technical High School. 481 Wickson Avenue is a 0-bed, 0-bath, 4,605 sqft multi-family home built in 1943.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Icon Properties, Giuseppe Zumbo, DRE #01753412

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.