449 Merritt Ave, Oakland, CA 94610

$6,200,000

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List Price
$6,200,000
Status
ACTIVE
MLS#
ML82056106
Year Built
1959
Lot Size
6,600
Acres
0.15
Days on Market
4
Property Type
Commercial

Property Description

Rare opportunity to own a beautifully newly remodeled five-unit property totaling 21 bedrooms and 16 bathrooms in one of Oakland's most desirable neighborhoods, just a block away from Lake Merritt. This home is also equipped with 5 parking spaces with an EV charger for each parking spot, sunrooms and balconies. This turnkey asset has been extensively renovated with modern finishes, making it an ideal investment for both seasoned and first-time multifamily buyers. Several units enjoy stunning lake and city skyline views, providing an attractive living experience for tenants. Thoughtfully updated interiors feature contemporary kitchens, renovated bathrooms, stylish flooring, designer lighting, and quality finishes throughout. Large windows fill the living spaces with natural light, creating bright and inviting homes. Situated in a prime location, residents can enjoy easy access to Lake Merritt's scenic walking paths, parks, restaurants, cafes, shopping, public transportation, and major commuter routes. The combination of a highly desirable location, extensive renovations, and impressive views makes this property a standout investment with strong rental appeal.

Additional Information

Taxes
$69,000
Heat
Central
Cooling
Yes
Cooling Description
None
Roof
Flat
Water
Public
School District
Other
Attached Structure
Detached
Gross Scheduled Income
$369,800

Listing courtesy of Listing Agent: David Hart (david@bayareacomplaw.com) from Listing Office: David Hart Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.