$2,600,000
$2,659,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 09/30/2021
Key Details
Sold Price $2,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lake Merritt
MLS Listing ID 40958068
Sold Date 09/30/21
HOA Y/N No
Year Built 1951
Lot Size 6,098 Sqft
Acres 0.14
Property Description
The LOH SISTERS Multifamily Team is pleased to offer 520 Merritt Avenue, a pride of ownership 5-unit property located above Lake Merritt on Cleveland Heights’ most coveted street. Extensive capital improvements completed in recent years: new roof; electrical upgrade; new copper plumbing; bolting & bracing; retaining wall; privacy fence; full exterior paint and more. 4 of the 5 units are generously sized at 910 square feet, one of which was successfully converted to a 2BD/1BA in 2019. Current unit mix is (4) 1BD/1BA (1) 2BD/1BA with the opportunity to immediately convert another unit to 2BD/1BA. Onsite coin laundry, storage lockers & carport. This is a rare opportunity to acquire a multi-unit building without depressed rents. Phenomenal location, proven stability, plus immediate upside! Email broker for OM.
Location
State CA
County Alameda
Interior
Heating Gravity
Cooling None
Fireplace No
Appliance Gas Water Heater, Dryer
Building
Lot Description Corner Lot
Others
Tax ID 234163
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with JENNIFER LOH • LOH Realty & Investments
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "