Bought with JENNIFER LOH • LOH Realty & Investments
$2,600,000
$2,659,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
520 Merritt Avenue Oakland, CA 94610
3,672 SqFt
Key Details
Sold Price $2,600,000
Property Type Commercial
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $708
Subdivision Lake Merritt
MLS Listing ID 40958068
Sold Date 09/30/21
HOA Y/N No
Originating Board Bridge AOR
Year Built 1951
Lot Size 6,000 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
Flooring Hardwood, Tile
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer, Gas Water Heater
Laundry Coin Operated, Dryer, Laundry Room, Washer
Exterior
Parking Type Carport
Building
Lot Description Corner Lot
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