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Commercial Property — 220 Athol Avenue, Oakland, CA

$4,750,000

220 Athol Avenue, Oakland, CA

$4,750,000 — 220 Athol Avenue, Oakland, CA — photo 1 $4,750,000 — 220 Athol Avenue, Oakland, CA — photo 2 $4,750,000 — 220 Athol Avenue, Oakland, CA — photo 3 $4,750,000 — 220 Athol Avenue, Oakland, CA — photo 4 $4,750,000 — 220 Athol Avenue, Oakland, CA — photo 5
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About this property

Located just two blocks from Lake Merritt, 220 Athol Avenue offers investors the rare opportunity to acquire a well-maintained 25-unit apartment community at an exceptional basis of just $190,000 per unit and $193 per square foot. The property features private balconies for every unit, gated underground parking, and onsite laundry facilities, enhancing its appeal to residents. Offered at over a 6% CAP rate with substantial additional rental upside, 220 Athol Avenue represents one of the most compelling value-add investment opportunities in Oakland's premier Lake Merritt neighborhood.

Property details

Square feet
24,520
Year built
1966
Property type
CommercialSale

Location

220 Athol Avenue • Oakland, CA 94606

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Listed by

Eymon Binesh · Marcus & Millichap

Listing courtesy of Marcus & Millichap. Information deemed reliable but not guaranteed.

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