410 Merritt Avenue, Oakland, CA 94610

Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
410 Merritt Avenue,Oakland, CA 94610
$2,244,000
  • 13 Beds
  • - Baths
  • 9,992 sq. ft.
  • Multi-family
  • Active
Listed by:keith manson
Office:cushman & wakefield
MLS#:425074010
Source:CABCREIS

Price summary

  • Price:$2,244,000
  • Price per sq. ft.:$224.58

About this home

The Cushman & Wakefield Northern California Multifamily Capital Markets Group is 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

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Home facts

  • Year built:1950
  • Listing ID #:425074010
  • Added:1 day(s) ago
  • Updated:September 16, 2025 at 05:36 AM

Rooms and interior

  • Bedrooms:13
  • Living area:9,992 sq. ft.

Heating and cooling

  • Heating:Gas, Wall Furnace

Structure and exterior

  • Roof:Asphalt
  • Year built:1950
  • Building area:9,992 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,244,000
  • Price per sq. ft.:$224.58
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