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$2,145,000
13 Days Online

540 Merritt Avenue
Oakland, CA 94610

For Sale|Multi-Family|Active
County:
Alameda
Listed by Nathaniel Reinke of KW Advisors

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540 Merritt Avenue540 Merritt Avenue540 Merritt Avenue540 Merritt Avenue
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Ideal Owner Occupy Opportunity. Built in 1922, 540 Merritt Ave presents a three-story walk-up structure with private entrances for each of the apartments. The building has been substantially renovated over the last five years. Four of the five units were gutted down to the studs. The upgrades in the four renovated units includes new copper plumbing, new Romex wiring and new upgraded subpanels, and all new double paned windows. The building is built of wood frame construction with a stucco exterior. The building contains approximately 4,287 square feet of gross building area set on a 4,800 square foot lot. The 540 Merritt Avenue Apartments offer investors the opportunity to acquire a well-situated property, just steps from Lake Merritt, which was substantially renovated with strong current income in a great Oakland location. The property is short 5 min walk from the wonderful Lake Merritt. With a Walk Score of 84 this location is very walkable. Located very close to I-580 and approx. 1 mile from Lake Merritt BART and 1 mile from Uptown & Downtown Oakland, the property will attract commuters as well as those who work in the area. Due to the property’s excellent location, large sized units, and overall quality, the property will continue to produce strong cash flow.

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Listing Snapshot
Price 
$2,145,000
Days Online 
13 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1102 Acres
Year Built 
1922
MLS Number 
41009089
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
PublicRecords
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS
2 weeks agoListing first seen online
General Features
Construction 
Stucco
Parking 
AssignedOn Street
Parking Spaces 
5
Sewer 
Public Sewer
Acreage 
0.1102
Property Sub Type 
Quadruplex
Interior Features
Cooling 
See Remarks
Heating 
Wall Furnace
Appliances 
Gas Water HeaterDryerWasher
Flooring 
TileWood
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Exterior Features
Lot 
Front Yard
Community Features
Association Dues 
0


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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