Sold
570 Merritt Avenue
Oakland CA, 94610
$1,375,000
$379.62 per sqft
Sold
4 Beds
4 Baths
3,622 sqft
Multi-family
Built in 1925
Price Reduced! 568-574 Merritt Ave is a huge, pride of ownership 4-plex with classic 1920's character centrally located in Cleveland Heights. Built in 1925, the 3,622 SF structure is situated on a 3,941 SF lot. The property has an ideal unit mix of 4 large 1-bedroom, 1-bathroom units that provide the potential opportunity to add bedrooms and convert to 2-bedroom units. The units average approximately 905 SF each. Every unit is individually metered for gas & electric. The property also features 4 secured garages that can be rented out for additional income. The garages provide the potential opportunity to complete an accessory dwelling unit (ADU) conversion & increase the total unit count. The property is also located in the RU-2 Zoning District which may allow for the addition of units. The in place rents are approximately 17% below market rate and provide the opportunity to increase the NOI by 47%.
422652468
MLSⓇ ID
March 21, 2022
Listed
April 23, 2024
Updated
Map
570 Merritt Avenue
Oakland CA, 94610
Interior Features
Total Stories
3
Bedrooms
4 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
Laundry Description
In Unit, Washer/Dryer Hookups
Floor Description
Carpet, Linoleum, Tile, Wood
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Radiant, Steam
Exterior/Building Features
Lot Size
0.09 Acres
Exterior Features
Yard Space
Lot Features
Shape Regular
Roof
Composition, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
Oakland Zip 94610
Garage
Yes
Garage Spaces
4
Parking
Attached, Garage
Parking Total
4
View
No
County
Alameda
Water Source
Public, See Remarks
Pool
No
Zoning
RU-2
Listing History
Date | Event | Price |
---|---|---|
6/29/2023 | Sold | $1,375,000 |
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 4/23/2024.
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.
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Data last updated 3:18 PM UTC, 4/23/2024