Property photo 1
105 photos
ActiveMLS# ML8205610680 days on market

$5,500,000

449 Merritt Ave

OAKLAND, CA 94610

0 BD|0 BA|10,926 SQFT|$503.39/sqft

About This Property

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.

Property Details

Property TypeSingle Family
Year Built1959
Garage5 cars
Price / Sqft$503.39
Days on Market80
MLS NumberML82056106

Adam Modzeleski

Broker

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Est. Monthly Payment

$33,082

P&I: $27,811 | Tax: $3,896 | Insurance: $1,375

$5,500,000
%
%
Loan Amount$4,400,000
Down Payment$1,100,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

449 Merritt Ave, OAKLAND, CA 94610

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