CA > Oakland
Oakland, CA 94610,410 Merritt AVE
Oakland, CA 94610,410 Merritt AVE
Oakland, CA 94610,410 Merritt AVE
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John Herkenrath

John Herkenrath

+1(310) 221-2910
Listed by Keith Manson Cushman & Wakefield
$2,244,000
Est. payment /mo
13 Beds
9,992 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,992 sqft

Price per Sqft $224

MLS Listing ID 425074010

Bedrooms 13

HOA Y/N No

Year Built 1950

Lot Size 5,937 Sqft

Acres 0.1363

Property Sub-Type Multi Family

Property Description

We are pleased to offer for sale 410 Merritt Avenue, an 11-unit multifamily investment opportunity in Oakland's highly desirable Cleveland Heights neighborhood. The property is ideally suited for a value-add strategy, combining strong in-place fundamentals with meaningful near-term potential to drive rental income growth. The unit mix is both spacious and efficient, featuring three 2-bedroom units averaging 945 sf, seven 1-bedroom units averaging 711 sf, and one 320 sf studio. Each 1- and 2-bedroom unit includes a dining nook that can be converted into an additional bedroom through a cost-effective process, creating the opportunity to increase density and further enhance revenue. The property also features 8 single-car garages with room to park an additional vehicle in front of each garage. Upon stabilization, the property is projected to achieve an attractive 8.83% cap rate, highlighting the compelling investment returns available to an active operator. The building was constructed with a concrete podium that exempts it from Oakland's mandatory soft story retrofit program, reducing exposure to costly seismic upgrades.

Location

State CA

County Alameda

Area Oakland Zip 94610

Interior

Heating Gas, Wall Furnace

Flooring Wood

Fireplace No

Appliance Free-Standing Electric Range, Free-Standing Refrigerator, Gas Water Heater

Exterior

Garage Spaces 8.0

View City, Downtown, Lake

Roof Type Asphalt

Building

Lot Description Curbs/Gutters, Sidewalk, Other

Sewer Public Sewer

Water Public

New Construction Yes

Others

Tax ID 2341381

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San Francisco MLS - SFAR
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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