450 Merritt Ave, Oakland
The Mitchell Warren Team is pleased to present 450 Merritt Avenue, a nine-unit multifamily property located in the heart of Oakland’s Cleveland Heights neighborhood. The property consists of six ~1,410 square foot 2 bedroom, 2 bathroom units and three ~1,295 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.