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410 Merritt Ave
Oakland, CA 94610 Cleveland Heights

$2,244,000 USD

Apartments For Sale • 9,992 SF

Property Details

Property Type Apartments
Total Building Size 9,992 SF
Lot Size 0.14 AC
Building Class C
Year Built 1950
Cap Rate 8.83 %

61 Transit Score

91 Walk Score

                
                    Highlights
                
                                Premier Location in Cleveland Heights
                            
                                Flexible Layouts with Density Upside
                            
                                Concrete Podium Construction
                            
                                Opportunity to Renovate 7 Units  & Achieve Top of The Market Rents 
                            
                                Attractive Stabilized Return Profile
                            
                                Highly Walkable, Transit-Rich Location

Financial Summary (Actual)

Net Operating Income: $198,039 USD (2024)

Cap Rate:	8.83 %
Total Expenses:	$76,115 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
	5 min	-	1.8 mi
	9 min	-	4.8 mi
Airport	Drive	Walk	Distance
Metro Oakland International	17 min	-	9.1 mi
San Francisco International	37 min	-	23.8 mi
Norman Y Mineta San Jose International	52 min	-	40.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	SurfaceTandem
Included in Rent:	Yes

Zachary Greenwood 559-930-1770 Cushman & Wakefield NorCal Multifamily

410 Merritt Ave Oakland, CA 94610 Cleveland Heights