4-Units | Cleveland Heights

Lake Merritt, located in the heart of Oakland, is a vibrant and scenic urban oasis offering a unique blend of natural beauty and city living. As one of the largest and most iconic lakes in California, it features over 3 miles of shoreline, ideal for leisurely strolls, jogging, or simply enjoying the tranquil waters. Surrounded by lush parks, charming gardens, and bird-watching opportunities, Lake Merritt is a place where residents can unwind in a peaceful setting while being steps away from the bustling energy of downtown Oakland. Living near Lake Merritt means embracing a lifestyle that balances convenience and serenity. Residents enjoy easy access to a variety of local amenities, including cafes, restaurants, and shops, as well as public transportation hubs, making commuting a breeze. With its proximity to the Oakland Museum of California, Grand Avenue’s historic district, and a diverse cultural scene, Lake Merritt provides endless options for entertainment, dining, and exploration, all within walking distance from your front door. The surrounding area is rich in community and offers an array of recreational activities, from paddleboarding on the lake to attending open-air events in the park. The waterfront, coupled with beautifully landscaped walking paths, invites residents to relax, connect, and enjoy an active lifestyle. Whether you're taking in the sunset over the water or catching a weekend farmers market, Lake Merritt provides a dynamic environment that enriches everyday living with natural beauty and urban vibrancy. Scores Walk Score - 97 Transit Score - 55 Bike Score - 71This property in Cleveland Heights offers a compelling investment opportunity with four spacious 2-bedroom, 1.5-bath units, totaling 4,186 square feet. The modern amenities and generous living spaces are designed to attract high-quality tenants, making it a desirable option in a sought-after neighborhood. Each unit is spread across two stories and provides over 1,000 square feet of living space, ensuring plenty of room for tenants to enjoy comfortable living. With a total of $13,000 per month in estimated rental income, the property presents a strong cash flow for investors looking for stable returns. For those interested in owner-occupying, the building offers a unique advantage with a vacant unit available for personal use. An owner could reside in this unit while collecting over $9,000 per month from the other three units, significantly offsetting mortgage costs. This feature makes it a flexible opportunity for buyers who want to live in a prime location while benefiting from rental income. The combination of high rental demand and owner-occupy potential makes this an attractive option for both investors and homebuyers. Located in the coveted Cleveland Heights neighborhood, the property enjoys scenic views and a charming residential atmosphere, with close proximity to Lake Merritt and downtown Oakland. The building itself is a rare Spanish-style find, situated on a quiet cul-de-sac within walking distance to local amenities such as Trader Joe’s, Lakeshore, and Grand Lake’s popular shops and restaurants. With four garages, off-street parking, and in-unit laundry, the property offers convenient amenities that add value for tenants. This combination of location, unique architecture, and modern features makes it a standout investment in a high-demand area.