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$ 4,750,000
Est. payment | /mo
24,520 SqFt
$ 4,750,000
Est. payment | /mo
24,520 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 24,520 sqft
Price per Sqft $193
MLS Listing ID ML82053676
HOA Y/N No
Year Built 1966
Lot Size 0.258 Acres
Property Sub-Type Other
Property Description
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.
Location
State CA
County Alameda
Zoning R-70
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Handicap Access Accessible Elevator Installed
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 021022403201
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Listed by Eymon Binesh • Marcus & Millichap
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