Active
263 Athol Avenue
Oakland CA, 94606
$1,078,000
$158.30 per sqft
Active
15 Beds
6,810 sqft
Multi-family
This rare Lake Merrit 8-Unit Art Deco apartment building, steps from Lake Merrit and Grand Lake shopping and dining, could be the perfect investment with upside for savvy buyers. 263 Athol, which consists of two 2BD/1BAs, three 1BD/1BA, and three Studio apartments, will be delivered fully rented at close. Per the public tax records, the property, which is located in the popular Cleveland Heights neighborhood in the hills above Lake Merritt, measures 6,810 Sq Ft on the interior, and is located on a 6,250 Sq Ft lot with an attractive rear yard for tenant enjoyment. Held by long-term family owners for many years, the building has a current gross annual income in the $132,000 range with a 6.5% CAP rate and significant possible upside for the next owners. Located in a wonderful Lake Merritt location with easy access to Grand Lake shopping, Farmers Market, Trader Joe's, Grand Lake Theater, excellent restaurants, cafes, and public transit and freeway access, 263 Athol Ave should provide an attractive tenant offering for years to come. Don't miss the opportunity to add this unique opportunity to your investment portfolio!
424026999
MLSⓇ ID
April 25, 2024
Listed
May 4, 2024
Updated
Map
263 Athol Avenue
Oakland CA, 94606
Interior Features
Total Stories
3
Bedrooms
15
Floor Description
Carpet, Wood
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Exterior Features
Yard Space
Lot Features
Shape Regular
Architectual Style
Art Deco
Roof
Asphalt
School Information
School District
Alameda
Other Property Details
Area Name
Oakland Zip 94606
Garage
Yes
Parking
Attached, Covered
Parking Total
4
View
No
County
Alameda
Pool
No
Listed by Andrew de Vries with Berkshire Hathaway-Franciscan
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 5/4/2024.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Fifty Hills Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 San Francisco Association of REALTORS. All rights reserved.
Data last updated 12:09 AM UTC, 5/4/2024