Property Details
About this Property
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 investment returns available to an active operator. The building was constructed with a concrete podium that exempts it from Oakland's mandatory soft story retrofit program, reducing exposure to costly seismic upgrades.
MLS Listing Information
MLS #
SF425074010
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
3
Interior Features
Appliances
Oven Range - Electric
Flooring
Wood
Heating
Gas, Wall Furnace
Exterior Features
Roof
Bitumen
Style
Flat
Parking, School, and Other Information
Garage/Parking
Garage: 8 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Contact Information
Listing Agent
Keith Manson
Cushman & Wakefield
License #: 01490046
Phone: (415) 773-3592
Co-Listing Agent
Zachary Greenwood
License #: 01960296
Phone: (415) 714-4825
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 11 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
410 Merritt Ave is a Residential Income in Oakland, CA 94610. This 9,992 square foot property sits on a 5,936 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,244,000 and was built in 1950. This address can also be written as 410 Merritt Ave, Oakland, CA 94610.
©2025 San Francisco Association of Realtors® MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
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This listing information is up-to-date as of September 16, 2025. For the most current information, please contact Keith Manson, (415) 773-3592
