Kent Mitchell 510-548-2554 | Tim Warren 510-336-4719

450 Merritt Ave, Oakland

Home/450 Merritt Ave, Oakland

450 Merritt Ave, Oakland

450 Merritt Ave, Oakland, CA 94610
Price: $ 3,500,000
Property Size: 12,344 sqft
Lot Size: 8,250 sqft
Units: 9
Year Built: 1957
Status: For Sale

Price/Unit: $388,889
Price/SF: $283

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.

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