442 Merritt Ave Oakland, CA 94610-5143
Property profile & analytics
442 Merritt Ave Oakland, CA 94610-5143
- Apartment buildings
- 3,608 SF
- 0.12 lot acres
Property ID
US09-7131638
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- WholeSpeak / Training Center / Tutoring Service
Property Details for 442 Merritt Ave
- Year built
- 1923
- Construction
- WOOD
- Lot size
- 0.12 lot acres
- Property size
- 3,608 SF
- Property type
- Apartment buildings
- APN
- 23-413-13
- APU
- 2341313
Description
This exceptional value-add opportunity presents a five-unit apartment building ideally situated in Oakland, California, at 442 Merritt Ave, 94610. The property, known as "The Perch," boasts a prime location overlooking Lake Merritt, offering residents stunning regional views and abundant sunlight. Built in 1923, this three-story building comprises 3,608 square feet, with 3,400 square feet of net rentable space. The five units consist of four spacious one-bedroom apartments and one studio, all featuring original hardwood floors, kitchens, and bathrooms, plus windowed closets. Two garages, rented separately to tenants, provide additional income streams. Individual gas and electric meters simplify utility management. The property sits above the Cleveland Cascade, a historic Oakland landmark, providing easy access to Lakeshore and Grand Avenue's amenities, including shopping, dining, and recreational activities. Currently operating at 100% occupancy with recent tenant turnover within the last two years, this property offers a strong NOI of $50,128, resulting in a 3.71% cap rate. The asking price is $1,350,000, translating to $270,000 per unit and $374.17 per square foot. The lot size is 5,280 square feet, and the property is zoned for apartments. This is a rare chance to acquire a well-located, income-producing multifamily asset with significant upside potential. The property features two parking spaces. The Alameda County Assessor's Parcel Number (APN) is 23-413-13.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.249
- Latitude
- 37.8057
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,630
$74,747
$298,989
$373,736
-
$0.00
$0.00
$0.00
