37.807602 -122.24651

560 - 566 Merritt Avenue Oakland, CA 94610

314286553 37.807602 -122.24651 151 /listing/314286553-150290062/560-566-merritt-avenue-oakland-ca-94610 False 0 1385000.0 3334 105 422652426 False
  • $1,385,000
  • 3,334 sqft
  • 3,975 lot
  • Est payment $7434.98/mo

Property & Neighborhood Info

Courtesy Of Keith Manson, CBRE

Multi-Family in Oakland

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%.

Courtesy Of Keith Manson, CBRE
  1. 3,334 Sq. Ft.
  2. 3,975 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1925
  • Garage: 1.0
  • Floors: 2
  • Rooms: 18
  • County: Alameda
  • Units: 4
  • MLS Number:422652426

Additional Features

  • Flooring:
    • Carpet
    • Linoleum
    • See Remarks
    • Tile
    • Wood
  • Appliances:
    • Free Standing Freezer
    • Free Standing Gas Oven
    • Free Standing Gas Range
    • Free Standing Refrigerator
    • Gas Water Heater
  • Construction:
    • Cement Siding
    • Frame
    • Stucco
    • Wood
  • Property Type:
    • Residential Income
  • Roofing:
    • Bitumen
    • Flat
  • Foundation:
    • Concrete
  • Condition:
    • Original
    • Varies by Unit
  • Lot Description:
    • Shape Regular
  • Parking Description:
    • Attached
    • Covered
    • Garage
    • Open
    • See Remarks
    • Uncovered
    • Varies by Unit
  • Parking Spaces:
    • 5.00
  • Heating:
    • Radiant
    • Steam
  • Sewer:
    • Public Sewer
  • Water:
    • Public
  • HOA:
    • No
  • Tenant Pays:
    • Electricity
    • Gas
  • Listing Agent License Number:
    • 01490046
  • Tax ID:
    • 023-0420-019
  • Total Acres:
    • 0.0913
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
David Parry
David Parry
Broker
2001 Lombard St. San Francisco CA 94123
Request More Info
37.807602 -122.24651

560 - 566 Merritt Avenue Oakland, CA 94610

314286553 37.807602 -122.24651 151 /listing/314286553-150290062/560-566-merritt-avenue-oakland-ca-94610 False 0 1385000.0 3334 105 422652426 False
  • $1,385,000
  • 3,334 sqft
  • 3,975 lot
  • Est payment $7434.98/mo