NOT LISTED FOR SALE

570 Merritt Ave Oakland, CA 94610

Cleveland Heights Neighborhood

Estimated Value: $1,209,000 - $1,436,000

4 Beds
4 Baths
3,622 Sq Ft
$356/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $1,375,000 $380 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $8,658/month

95 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Bay Window
  • Oakland Technical High School Rated A
  • 4 Car Attached Garage
  • 3-minute walk to Eastshore Park

About This Home

As of September 2022

Price Reduced! 568-574 Merritt Ave is a huge, pride of ownership 4-plex with classic 1920's character centrally located in Cleveland Heights. Built in 1925, the 3,622 SF structure is situated on a 3,941 SF lot. The property has an ideal unit mix of 4 large 1-bedroom, 1-bathroom units that provide the potential opportunity to add bedrooms and convert to 2-bedroom units. The units average approximately 905 SF each. Every unit is individually metered for gas & electric. The property also features 4 secured garages that can be rented out for additional income. The garages provide the potential opportunity to complete an accessory dwelling unit (ADU) conversion & increase the total unit count. The property is also located in the RU-2 Zoning District which may allow for the addition of units. The in place rents are approximately 17% below market rate and provide the opportunity to increase the NOI by 47%.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 04/25/2022

Co-Listed By

Zachary Greenwood

Cushman & Wakefield License #01960296

Last Buyer's Agent

Carina Isentaeva

Compass License #01973125

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,507

Year Built

  • Built in 1925

Lot Details

  • 3,941

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Concrete Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Lap Siding
  • Piling Construction
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,622 Sq Ft Home
  • 3-Story Property
  • Bay Window
  • Storage
  • Partial Basement

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Free-Standing Freezer

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Tile

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • Heating System Uses Steam
  • Radiant Heating System
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Balcony
  • 3,941 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 023-0420-020

Community Details

Overview

  • 4 Units

Building Details

  • 2 Leased Units
  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,507

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Property Condition: Original, Varies By Unit
  • Levels: Three
  • Stories: 3
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Basement: Partial
  • Number Of Rooms: 17
  • Appliances: Free Standing Freezer, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater
  • Flooring: Carpet, Linoleum, Tile, Wood
  • Interior Amenities: Storage Area(s)
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Price Per Square Foot: 379.62
  • Square Footage: 3622.00
  • Window Features: Bay Window(s), See Remarks

Exterior Features

  • Construction Materials: Frame, Lap Siding, Stucco, Wood
  • Exterior Features: Yard Space
  • Foundation: Concrete, Concrete Perimeter, Piling
  • Patio And Porch Features: Balcony/Deck, Varies By Unit
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 4.00
  • Covered Parking Spaces: 4.00

Utilities

  • Heating: Radiant, Steam
  • Security Features: See Remarks
  • Sewer: Public Sewer
  • Water Source: Public, See Remarks

Lot Info

  • Assessor Parcel Number: 023-0420-020
  • Lot Features: Shape Regular
  • Lot Size Acres: 0.0905
  • Lot Size Sq Ft: 3941.00
  • Lot Size Units: SqFt
  • Price Per Acre: 15193370.17
  • Zoning: RU-2

Rental Info

  • Tenant Pays: Electricity, Gas
  • Units Furnished: None

Building Info

  • Number of Units Total: 4

Multi Family

  • Number Of Units Vacant: 2
  • Gross Rent Multiplier: 10.91
  • 1 Bedroom Rent Range: 1866-3150
  • Number Of1 Bedrooms Occupied: 2
  • Number of 1 Bedroom Units: 4
  • Number Of Units Leased: 2
  • Separate Meters: Electricity, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2023
Sold by
Edri Avi
Bought by
Edri Avi
Current Estimated Value
$1,288,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,560,000
Outstanding Balance
$1,521,585
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
-$151,662

Purchase Details

Listed on
Apr 25, 2022
Closed on
Sep 7, 2022
Sold by
Beverly Ann Sereda Trust
Bought by
Edri Avi
Seller's Agent
Keith Manson
Cushman & Wakefield
Buyer's Agent
Carina Isentaeva
Compass
List Price
$1,795,000
Sold Price
$1,375,000
Premium/Discount to List
-$420,000
-23.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.12%
Original Mortgage
$1,100,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2013
Sold by
Sereda Beverly Ann and 1992 Trust Of Robert Emanuel S
Bought by
Sereda Beverly Ann and Beverly Ann Sereda Trust

Purchase Details

Closed on
May 26, 2004
Sold by
Sereda Beverly Ann and Lagorio Survivors Trust
Bought by
Sereda Robert Emanuel and Sereda Beverly Ann
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Edri Avi -- Fidelity National Title Compan
Edri Avi -- Fidelity National Title Compan
Edri Avi $1,375,000 Old Republic Title
Sereda Beverly Ann -- None Available
Sereda Robert Emanuel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edri Avi $1,560,000
Previous Owner Edri Avi $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $1,375,000 -14.9% $380 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/12/2022 07/12/22 Price Changed $1,615,000 -10.0% $446 / Sq Ft
07/09/2022 07/09/22 For Sale $1,795,000 0.0% $496 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $1,795,000 -- $496 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,507 $1,430,550 $429,165 $1,001,385
2024 $21,507 $1,402,500 $420,750 $981,750
2023 $22,575 $1,375,000 $412,500 $962,500
2022 $16,365 $950,000 $285,000 $665,000
2021 $4,259 $120,502 $64,781 $55,721
2020 $4,199 $119,267 $64,117 $55,150
2019 $3,719 $116,928 $62,860 $54,068
2018 $3,641 $114,636 $61,628 $53,008
2017 $3,360 $112,388 $60,419 $51,969
2016 $3,174 $110,185 $59,235 $50,950
2015 $3,148 $108,530 $58,345 $50,185
2014 $3,333 $106,404 $57,202 $49,202
Source: Public Records

Agents Affiliated with this Home

  • Keith Manson

    Seller's Agent in 2022

    Keith Manson

    Cushman & Wakefield

    (415) 244-6300

    2 in this area

    38 Total Sales

    Keith Manson
    Section Image
  • Zachary Greenwood

    Seller Co-Listing Agent in 2022

    Zachary Greenwood

    Cushman & Wakefield

    (559) 930-1770

    2 in this area

    33 Total Sales

    Zachary Greenwood
    Section Image
  • Carina Isentaeva

    Buyer's Agent in 2022

    Carina Isentaeva

    Compass

    (415) 919-2016

    2 in this area

    49 Total Sales

    Carina Isentaeva
    Section Image
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 422652468

San Francisco Association of REALTORS® MLS

APN: 023-0420-020-00

California Alameda County Oakland 94610 Cleveland Heights

570 Merritt Ave, Oakland, CA

This home is located at 570 Merritt Ave, Oakland, CA 94610 since 25 April 2022 and is currently estimated at $1,288,603, approximately $355 per square foot. This property was built in 1925. 570 Merritt Ave is a home located in Alameda County with nearby schools including Cleveland Elementary School, Westlake Middle School, and Oakland Technical High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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