The Mitchell Warren Team is pleased to present 450 Merritt Avenue, a nine-unit multifamily property located in the heart of Oakland's Cleveland Heights neighborhood. The property consists of six 2-bedroom, 2-bathroom units, and three 2-bedroom, 1.5-bathroom units. The building sits above ten garage spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers on-site laundry, tenant storage lockers, and balconies with sweeping views. In addition, the property offers a significant value-add component allowing the new owner impressive upside potential upon unit turnover and capital improvement work. This is truly a rare opportunity to purchase a trophy asset in an A+ location.

450 Merritt Avenue is located in the beautiful Cleveland Heights Neighborhood of Oakland just one block from Lake Merritt. Situated just blocks from both Lakeshore Avenue and Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Coffee and various cafes and shops all within walking distance. Tenants may also indulge in the best of Oakland’s restaurants and nightlife including the charming Grand Lake Theatre just a short distance from the property. Commuters will appreciate the close proximity of city bus lines and the Lake Merritt BART Station, which allows access to the entire Bay Area. This A+ location will continue to demand premium tenants and maintain a very low vacancy rate.