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 Jess Williams shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 2:17 AM UTC, 2/10/2024