Sold

566 Merritt Avenue

Oakland CA, 94610

$1,275,000


$382.42 per sqft

Sold

2 Beds

4 Baths

3,334 sqft

Multi-family

Built in 1925

Price Reduced! 560-566 Merritt Ave is a large, vintage pride of ownership 4-plex centrally located in Cleveland Heights. Built in 1925, the 3,334 SF structure is situated on a 3,975 SF lot. The property has an efficient unit mix of 2 large studio units that function as 1-bedroom units & 2 large 1-bedroom units that function as 2-bedroom units. The units avg. approximately 833 SF each. Every unit is individually metered for gas and electric. The property also features a sizable parking area at the back of the building that can fit up to 4 cars. The parking area provides the potential opportunity to add detached accessory dwelling units (ADU) to the property & increase the total unit count. The property is also located in the RU-2 Zoning District which may allow for the addition of units. Current rents are approximately 33% below market rate providing the opportunity to increase the NOI by 114%.

422652426

MLS ID

March 21, 2022

Listed

February 10, 2024

Updated

Map

566 Merritt Avenue
Oakland CA, 94610

Interior Features

Total Stories

2


Bedrooms

2 Beds


Bathrooms

4 Baths


Interior Features

Storage


Appliances

Free-Standing Freezer, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater


Floor Description

Carpet, Linoleum, Tile, Wood, See Remarks


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Radiant, Steam

Exterior/Building Features

Lot Size

0.09 Acres


Lot Features

Shape Regular


Roof

Asphalt, Flat


Sewer

Public Sewer

Other Property Details

Area Name

Oakland Zip 94610


Garage

Yes


Garage Spaces

1


Parking

Attached, Covered, Garage, Open, Uncovered, See Remarks


Parking Total

5


View

No


County

Alameda


Water Source

Public


Pool

No


Zoning

RU-2

Listing History

Date

Event

Price

6/29/2023

Sold

$1,275,000

Bought with Carina Isentaeva with Compass and Listed by Keith Manson (DRE #DRE #01490046) with CBRE 

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 2/10/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gertrude Villanueva Itchon shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 2:17 AM UTC, 2/10/2024

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