220 Athol Avenue, Oakland, CA, CA 94606
- $4,750,000
- List Price
- $4,750,000
- Closing Date
- Sep 16, 2026
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- ML82053676
- County
- Alameda
- Zoning
- R-70
- Year Built
- 1966
- Square Feet
- 24,520
- Lot Size (acres)
- 0.2576
- Days on Market
- 65
- Property Type
- Commercial
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.
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Additional Information
- Taxes
- $82,082
- Parcel Number
- 021022403201
- Gross Scheduled Income
- $505,604
- Cooling
- Yes
- Cooling Description
- None
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Eymon Binesh (ebinesh@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.