Skip main navigation
Off market
  • $2,110,300

    450 Merritt Ave, Oakland, CA 94610

    --beds
    0baths
    12,344sqft
    Lowrise (1-3 Flrs)
    Built in 1957
    -- sqft lot
    $2,110,300 Zestimate®
    $171/sqft
    $2,738 Estimated rent

    What's special

    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.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Garbage disposal, Washer
    • Laundry: Coin Operated
    Features
    • Elevator
    • Flooring: Tile, Carpet
    Interior area
    • Total interior livable area: 12,344 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Garage - Attached
    Accessibility
    • Accessibility features: Accessible Elevator Installed
    Features
    • Patio & porch: Deck, Patio, Balcony/Patio
    • Exterior features: Stucco, Cement / Concrete
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 8,250 sqft
    • Features: Sloped Up
    Details
    • Parcel number: 23416101

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Lowrise (1-3 Flrs)
    Materials
    • Roof: Composition
    Condition
    • Year built: 1957

    Utilities & green energy

    • Sewer: Public Sewer

    Community & neighborhood

    Location
    • Region: Oakland

    HOA & financial

    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Sewer: Public Sewer
    • Flooring: Carpet, Tile
    • Appliances: Dishwasher, Disposal, Washer, Gas Water Heater
    • GarageYN: true
    • AttachedGarageYN: true
    • Heating: Gas, Forced Air 1 Zone
    • InteriorFeatures: Elevator
    • HeatingYN: true
    • PatioAndPorchFeatures: Deck, Patio, Balcony/Patio
    • CoolingYN: true
    • ConstructionMaterials: Stucco, Cement Siding
    • NumberOfUnitsTotal: 9
    • TenantPays: Electricity, Gas, Parking Fee
    • MaintenanceExpense: 4500
    • ParkingFeatures: Attached Garage, Garage Door Opener, Space Per Unit - 1
    • AccessibilityFeatures: Accessible Elevator Installed
    • LaundryFeatures: Coin Operated
    • TotalActualRent: 0
    • CapRate: 3.01
    • Cooling: Central 1 Zone A/C
    • Roof: Rolled Composition
    • LotFeatures: Sloped Up
    • MlsStatus: Active
    • GrossIncome: 197244
    • GrossScheduledIncome: 197244
    • InsuranceExpense: 4567
    • NetOperatingIncome: 105300
    • OperatingExpense: 88426
    • ProfessionalManagementExpense: 7618
    • VacancyAllowance: 5917
    • PropertySubType: Lowrise (1-3 Flrs)
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $2,110,300