Oakland, CA 94610,520 Merritt Avenue
Oakland, CA 94610,520 Merritt Avenue
Oakland, CA 94610,520 Merritt Avenue
25
$2,600,000
$2,659,000
2.2%
Est.Price: ?

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6,098 Sqft Lot

520 Merritt Avenue Oakland, CA 94610

Est. payment /mo
SOLD DATE : 09/30/2021

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Key Details

Sold Price $2,600,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Lake Merritt

MLS Listing ID 40958068

Sold Date 09/30/21

HOA Y/N No

Year Built 1951

Lot Size 6,098 Sqft

Property Description

The LOH SISTERS Multifamily Team is pleased to offer 520 Merritt Avenue, a pride of ownership 5-unit property located above Lake Merritt on Cleveland Heights’ most coveted street. Extensive capital improvements completed in recent years: new roof; electrical upgrade; new copper plumbing; bolting & bracing; retaining wall; privacy fence; full exterior paint and more. 4 of the 5 units are generously sized at 910 square feet, one of which was successfully converted to a 2BD/1BA in 2019. Current unit mix is (4) 1BD/1BA (1) 2BD/1BA with the opportunity to immediately convert another unit to 2BD/1BA. Onsite coin laundry, storage lockers & carport. This is a rare opportunity to acquire a multi-unit building without depressed rents. Phenomenal location, proven stability, plus immediate upside! Email broker for OM.

Location

State CA

County Alameda

Interior

Heating Gravity

Cooling None

Fireplace No

Appliance Gas Water Heater, Dryer

Building

Lot Description Corner Lot

Others

Tax ID 234163

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California Regional MLS (CRMLS)
Listed by JENNIFER LOH • LOH Realty & Investments
Bought with JENNIFER LOH • LOH Realty & Investments

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Jeff Underdahl

CEO/Team Leader | License ID: 01077484

+1(760) 271-8772

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