Comm Ri Multi-units 5+ For Sale
3,672 Sqft - 520 Merritt Avenue, OAKLAND, California 94610
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.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40958068
Price : $2,659,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,672 Sqft
Year Built : 1951
Lot Area : 0.14 Sqft
Features
Heating System : Central Gravity
Basement : Other, Partial, Finished
Roof : Shingle
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94610
Street : Merritt Avenue
Street Number : 520
Floor Number : 0
Longitude : W123° 45' 8.4''
Latitude : N37° 48' 24.4''
MLS Addon
Office Name : LOH Realty & Investments
Building Type : 5 Or More Units
Area : Oakland Zip Code 94610
Address : 520 Merritt Avenue
Cross Street : Capital Street
Directions to Property : Brooklyn Ave to Merritt Ave
LA1User Code : R01518364
LA1Agent First Name : JENNIFER
LA1Agent Last Name : LOH
Status Category : Sold
Tot # Parking Spaces : 4
Tot # of Units : 5
Dist/Nbrhood/Sub : LAKE MERRITT
List $/SqFt : $724
Age : 70
Apx Lot Sq Ft : 6,000 Sqft
Type of Building : Apt Complex
Annual Taxes : $0
Total Deposits : $0
ADDTL FEATURES MISC. : Other, Extra Storage
ALL UNITS HAVE : Dishwasher, Refrigerator, Other, Disposal, Updated Baths
EQUIPMENT ADDITIONAL : Dryer, Washer, Water Heater Gas, Individual Electric Meter, Master Gas Meter, Individual Gas Meter, Smoke Detector, Carbon Mon Detector, Master Electric Meter
EXTERIOR : Stucco, Wood Frame
FLOORING : Tile, Hardwood Floors
LOT DESCRIPTION : Corner
ON-SITE PARKING DESC : Carport - 1
OPERATING EXPENSES : Electric, Gas, Insurance, Property Tax/assessments, Trash Removal, Utilities, Water
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Updated Baths, Updated Kitchen
TENANT PAYS : Electric, Gas
WATER/SEWER : Sewer System - Public
LAUNDRY : In Laundry Room, Dryer, Washer, Coin Operated
Census Tract : 4052
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner, Estimated, Projected, Property Manager
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,659,000
Sold Price : $2,600,000
Previous Price : $2,659,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 0
Net Oper Income : 0
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 0
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 01518364
ZIDX Only Street Name : Merritt Avenue
Buyer Agent DRE Num. : 01518364
Co List Agent DRE Num. : 01518364
List Agent DRE Num. : 01518364
LA1Agent License ID : 01518364
SA1Agent First Name : JENNIFER
SA1Agent Last Name : LOH
SA1Agent License ID : 01518364
SA1User Code : R01518364
Annual Vacancy : 0
Gross Income : 0
Listing Broker DRE Numbe : 01518364
Sale/Original $ : 98
Annual Exp Yr : 0
Sale $/SqFt : 708
1st - Yrs Remaining : 0
Sale/Last List $ : 98
Interest Rate : 0
Board ID : Bridge AOR
Assessors Parcel No : 23-416-3
Showing : By Appointment
SO1Office Abbreviation : OBOLOH01
SO1Office Name : LOH Realty & Investments
LO1Main Office ID : 9980
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 9980
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 2600000
Address Search Number : 520
Listing Agent : 332768
Listing Office : 9980
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 332768
Buying Office 1 : 9980
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 25
Input Date : 09/07/2021 19:07:56
Update Date : 01/10/2021 22:10:33
PhotoTimestamp : 01/10/2021 22:10:33
First Photo Add Timestamp : 09/07/2021 19:07:57
List Date : 09/07/2021
Expire Date :
Pending Date : 11/08/2021
Closing Date : 30/09/2021
Status Date : 01/10/2021
Price Date : 01/10/2021
Off Market Date : 11/08/2021
Status : Sold
Dual Variable : No
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 09/07/2021
DOMLS : 33
Cumulative DOMLS : 33
Unit # 1 # of Bathrooms: 1
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 910
Unit # 1 Parking Spaces: 1
Unit # 1 Rent: 2395
Unit # 2 # of Bathrooms: 1
Unit # 2 # of Bedrooms: 2
Unit # 2 Approx. SqFt: 910
Unit # 2 Parking Spaces: 1
Unit # 2 Rent: 2950
Unit # 3 # of Bathrooms: 1
Unit # 3 # of Bedrooms: 1
Unit # 3 Approx. SqFt: 910
Unit # 3 Parking Spaces: 1
Unit # 3 Rent: 3200
Unit # 4 # of Bathrooms: 1
Unit # 4 # of Bedrooms: 1
Unit # 4 Approx. SqFt: 910
Unit # 4 Parking Spaces: 1
Unit # 4 Rent: 2645
Unit # 5 # of Bathrooms: 1
Unit # 5 # of Bedrooms: 1
Unit # 5 Approx. SqFt: 525
Unit # 5 Parking Spaces: 1
Unit # 5 Rent: 2200
