540 Merritt Ave, Oakland, CA 94610

Ideal Owner Occupy Opportunity. Built in 1922, 540 Merritt Ave presents a three-story walk-up structure with private entrances for each of the apartments. The building has been substantially renovated over the last five years. Three of the four units were gutted down to the studs. The upgrades in the three renovated units includes new copper plumbing, new Romex wiring and new upgraded subpanels, and all new double paned windows. The building is built of wood frame construction with a stucco exterior. The building contains approximately 4,287 square feet of gross building area set on a 4,800 square foot lot. The 540 Merritt Avenue Apartments offer investors the opportunity to acquire a well-situated property, just steps from Lake Merritt, which was substantially renovated with strong current income in a great Oakland location. The property is short 5 min walk from the wonderful Lake Merritt. With a Walk Score of 84 this location is very walkable. Located very close to I-580 and approx. 1 mile from Lake Merritt BART and 1 mile from Uptown & Downtown Oakland, the property will attract commuters as well as those who work in the area. Due to the property’s excellent location, large sized units, and overall quality, the property will continue to produce strong cash flow.