220 Athol AVE, Oakland, CA 94606
220 Athol AVE, Oakland, CA 94606
220 Athol AVE, Oakland, CA 94606
220 Athol AVE, Oakland, CA 94606
220 Athol AVE, Oakland, CA 94606
220 Athol AVE, Oakland, CA 94606
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Sam Spinella

Sam Spinella

+1(408) 393-9294
Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$ 4,750,000
Est. payment | /mo

5 Beds

6 Baths

24,520 SqFt

Save
$ 4,750,000
Est. payment | /mo
Save

5 Beds

6 Baths

24,520 SqFt

Open House

Thu Jul 16, 12:00pm - 2:00pm

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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Sam Spinella
Sam Spinella

Your Trusted Real Estate Guy | License ID: 01377658

+1(408) 393-9294 | sam@spinellagroup.com

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220 Athol AVE