450 Merritt Ave

    Oakland, CA 94610
    • $3,500,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: EB40894927
    UPDATED: 49 min ago
    $3,500,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    450 Merritt Avenue, a nine-unit multifamily property located in the heart of Oakland's Cleveland Heights neighborhood. The property consists of six ~1,260 square foot 2 bedroom, 2 bathroom units and three ~1,050 square foot 2 bedroom, 1.5 bathroom units. The building sits above ten garage spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers on-site laundry, tenant storage lockers, and balconies with sweeping views. In addition, the property offers a significant value-add component allowing the new owner impressive upside potential upon unit turnover and capital improvement work. This is truly a rare opportunity to purchase a trophy asset in an A+ location.

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    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-04-09T07:48:19.57. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or RE/MAX Real Estate Services.

    Licensed in the State of California.
    www.greaterbayarearealestate.com/homes/103077249

    450 Merritt Ave Oakland, CA 94610

    • Price: $3,500,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: EB40894927
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1957
    Built
    Neighborhood:
    Oakland Zip Code 94610
    County:
    Alameda
    Area:
    Oakland Zip Code 94610
    Property Description
    450 Merritt Avenue, a nine-unit multifamily property located in the heart of Oakland's Cleveland Heights neighborhood. The property consists of six ~1,260 square foot 2 bedroom, 2 bathroom units and three ~1,050 square foot 2 bedroom, 1.5 bathroom units. The building sits above ten garage spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers on-site laundry, tenant storage lockers, and balconies with sweeping views. In addition, the property offers a significant value-add component allowing the new owner impressive upside potential upon unit turnover and capital improvement work. This is truly a rare opportunity to purchase a trophy asset in an A+ location.
    Exterior Features

    Exterior Stucco Garage Parking Gate / Door OpenerAttached GarageSpaces Per Unit - 1 Lot Description Grade - Sloped Up Roof Rolled Composition Units In Complex Max 9 View Lake

    Interior Features

    Cooling Central -1 Zone Flooring TileCarpet - Wall To Wall Heating Forced AirGas Laundry WasherLaundry Facility - Coin-Op Max Building Height 3 Min Building Height 1 Structure Sq Ft 12344

    Property Features

    Additional Listing Info Not Applicable Amenities Balcony/PatioElevator(S)/Lift(S) City Name Oakland Cross Street Brooklyn Ave Lot Size Area Maximum 8250.00 Meters Separate ElectricSeparate Gas Sewer Septic Sewer - Public Water Heater - Gas

    © 2020 MLSListings Inc. All rights reserved. Listing provided courtesy of Timothy Warren of Joseph M. Tapia, Broker.


    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-04-09T07:48:19.57. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or RE/MAX Real Estate Services.

    Licensed in the State of California.
     
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