566 Merritt Avenue

Oakland, CA 94610

$1,275,000
Last Sold Price
2
Beds
4
Baths
3,334 Sq. Ft.
$382 / Sq. Ft.
3,334
Sq. Ft.
$382
per Sq. Ft.

Description

Price Reduced! 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...Price Reduced! 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%.
  1. Listed by Keith Manson • DRE #01490046 • CBRE
  2. Listed by Zachary W Greenwood • DRE #01960296 • CBRE

Property Details for 566 Merritt Avenue

Parking Features
Attached, Covered, Garage, Open, Uncovered, Varies by Unit, See Remarks
Zoning
RU-2
Cross Street
Wesley Ave
Total Parking Spaces
5

Location

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary W Greenwood, DRE #01960296

Sold By Compass, Carina Isentaeva, DRE #01973125

Add your commute
LISTING UPDATED: 09/14/2022 11:03 AM

Property Details for 566 Merritt Avenue

StatusClosed
MLS #422652426
Days on Compass95
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1925
Lot Size0.09 AC / 3,977 SF
CountyAlameda County

Location

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary W Greenwood, DRE #01960296

Sold By Compass, Carina Isentaeva, DRE #01973125

Add your commute

Building Information for 566 Merritt Avenue

Stories2Residences4Year Built1925Building Size-Lot Size0.09 AC / 3,977 SF

Payment Calculator

$8,725 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,958

Property Taxes

$1,767

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 566 Merritt Avenue

Summary
Location and General Information
  • Area/District: Oakland Zip 94610
  • Area Short Display: 2610
  • Location Description: Oakland Zip 94610
Taxes and HOA Information
  • APN: 023-0420-019
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 1
  • Independent Parking Spaces: 5
  • Carport Spaces: 0
  • Garage Spaces: 1
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 5.0
  • Parking: Attached, Covered, Garage, Open, Uncovered, Varies by Unit, See Remarks
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Assessor Agent-Fill
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Agent-Fill
  • Lot Features: Shape Regular
Property and Assessments
  • Property Condition: Original, Varies by Unit
  • Possession: Close of Escrow
  • Picture Count: 30
  • Photos Provided By: Agent
  • Elevation: 0
  • Disclosures/Documents: Disclosure Package Available, Rent Control
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas, See Remarks
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 1
  • Construction Materials: Cement Siding, Frame, Stucco, Wood
  • Foundation: Concrete
  • Stories: 2
  • Levels: Two
  • Roof: Bitumen, Flat
Interior Features
  • Interior Features: Storage Area(s)
  • Heating: Radiant, Steam
  • Appliances: Free Standing Freezer, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater
  • Basement: Partial
  • Flooring: Carpet, Linoleum, Tile, Wood, See Remarks
  • Full Bathrooms: 0
  • # of Rooms: 18
Room Information
1 Bedroom Unit
  • 1 Bedroom Rent Range: 975-2100
  • # of 1 Bedroom Units: 2
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 2
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 0.0
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 0.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 2
  • # of Studio Units: 2
  • # Of Units Total: 4
  • # Of Units Vacant: 0
  • # Of Units Leased: 4
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Description: Large Studio Tenant has given notice to vacate mid-July 2022
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Identification: 560
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent Source: Owner
  • Unit 1 Rent: $2,500.00
  • Unit 1 Approx SqFt: 710.0
  • Unit 1 SqFt Source: Owner
  • Unit 1 # of Rooms: 4
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: Large Studio
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Identification: 562
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent Source: Owner
  • Unit 2 Rent: $1,950.00
  • Unit 2 Approx SqFt: 720.0
  • Unit 2 SqFt Source: Owner
  • Unit 2 # of Rooms: 4
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 1
  • Unit 3 Description: Large one-bedroom, one-bathroom
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Identification: 564
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent Source: Owner
  • Unit 3 Rent: $2,100.00
  • Unit 3 Approx SqFt: 960.0
  • Unit 3 SqFt Source: Owner
  • Unit 3 # of Rooms: 5
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 1
  • Unit 4 Description: Large one-bedroom, one-bathroom
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 Identification: 566
  • Unit 4 Occupancy: Tenant
  • Unit 4 Rent Source: Owner
  • Unit 4 Rent: $975.00
  • Unit 4 Approx SqFt: 940.0
  • Unit 4 SqFt Source: Owner
  • Unit 4 # of Rooms: 5
  • Unit 4 Type: Apartment
Rental
Rent Information
  • # Of Units Month to Month: 0
  • Studio Rent Range: 1950-2500
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas

Property History for 566 Merritt Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 566 Merritt Avenue

Taxable ValueLand$382,500Additions$892,500Total$1,275,000
Tax Record2023$21,203 ($1,767 / month)
Home Facts
Total Finished SqFt3,334 SqFtAbove Grade Finished SqFt3,334 SqFtStories2Lot Size3,975 SqFtStyleQuadraplexYear Built1925CountyALAMEDAAPN23-420-19

Schools near 566 Merritt Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Cleveland Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary W Greenwood, DRE #01960296

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.