566 Merritt Avenue

Oakland, CA 94610 View Map $1,595,000 Schedule a Tour
Sq.Ft.3,334
Year1925

Rebecca White

(415) 412-1977

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Status: Active
Property Type:Quadruplex
MLS #:422652426
Sq. Feet:3,334
On Site:24 Days
Lot Size:3,975 Sq. Ft.
County:Alameda
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%.

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Community Information

Address:566 Merritt Avenue Oakland, CA 94610
County:Alameda
City:Oakland
Zip Code:94610
Neighborhood:2610

Architecture

Year Built:1925
Stories:2
Construction Materials: Frame, Lap Siding, Wood, Wood Siding
Number of Buildings: 1
Roof: Bitumen, Flat
Foundation: Concrete
Basement: Partial

Features / Amenities

Interior Features: Storage Area(s)
Appliances: Free Standing Freezer, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater
Flooring: Carpet, Linoleum, Tile, Wood
Parking Features: Attached, Covered, Garage, Open, Uncovered, Varies by Unit
Covered Spaces: 1.0
Parking Total: 5.0
Garage Spaces: 1.0
Heating: Radiant, Steam
Total Rooms:18

Property Features

Lot Size: 0.09 Acres / 3,975 Sq. Ft.
Lot Dimensions:0.0913
Lot Features: Shape Regular
Sewer: Public Sewer
Water: Public
Zoning:RU-2

Tax and Financial Info

Tenant Pays: Electricity, Gas

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566 Merritt Avenue Oakland, CA 94610
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566 Merritt Avenue Oakland, CA 94610
 
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Listing Information Last Updated 5/18/2022
Listing provided courtesy of Cbre.
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