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Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$4,750,000
Est. payment /mo
5 Beds
6 Baths
24,520 SqFt
Open House
Mon Jul 13, 11:00am - 12:30pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 24,520 sqft
Price per Sqft $193
MLS Listing ID ML82053676
Bedrooms 5
Full Baths 6
Year Built 1966
Lot Size 0.258 Acres
Property Sub-Type Five or More Units
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
Area Oakland Zip Code 94606
Zoning R-70
Interior
Heating Gas
Cooling None
Exterior
Parking Features Attached Garage
Garage Spaces 25.0
Utilities Available Public Utilities
Roof Type Rolled Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 021-0224-032-01
Security Features Secured Garage / Parking
Special Listing Condition Not Applicable
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