160 Athol Avenue, Oakland, CA 94606
Commercial property · 3 recorded sales since 2015
Sold September 2023
Listing Agent: Ismael Benhamida (DRE #01722847) · Listing Office: Compass · Contact: (415) 345-3000 · Bought with: Heng Chieng · MLS #ML81931205 · Source: CRMLS
About this commercial property
Location. Location. Location. Situated half a block from prestigious Lake Merritt, shopping, and public transportation in Oakland's Cleveland Heights neighborhood. Pride of ownership 5 unit apartment complex consisting of two structures- a 4-unit building at the front, and a house above the garage in the rear. There are (3) spacious 1-bed/1-bath, (1) large 2-bed/1-bath, and (1) 3-bed/1-bath units. Significant income upside. Cap rate: 5.44% (current) / 7.90% (proforma). GRM: 12.44 (current) / 9.23 (proforma). Walking distance to Downtown Oakland, BART, multiple parks, and the Grand Lake neighborhood. Convenient access to HWY 580 and 880. Oakland has consistently had among the nation's highest rent growth and lowest vacancy rates. The rent growth, low vacancy, shortage of housing units, and proximity to large Bay Area employers make 160 Athol Avenue a compelling opportunity for both the cash flow and appreciation minded investor. Offering memorandum available.
Listing description from the September 2023 sale, as reported to CRMLS.
Sale history
