Skip to main content

Multifamily

160 Athol

160 Athol Ave, Oakland, CA 94606

Listing Price: $1,800,000

Cap Rate
3.80%
Number of Units
5
Occupancy
100.0%
Price/Unit
$360,000
Price/Gross SF
$415.90
Gross SF
4,328

Investment Overview

160 Athol Avenue is a pride of ownership, well-maintained five-unit multifamily building located in the Cleveland Height neighborhood of Oakland, California. Built in 1923, the wood frame and stucco building consist of two structures. The front complex is a two-story four-unit apartment building and directly behind is the a single unit over a two-car garage. Combined these complexes contains approximately 4,328 square feet situated on a 0.1 acre lot. The property has a great unit mix of three one-bedroom units and two two-bedroom units. Each unit is individually metered for gas, electric and water. This apartment offers investors the opportunity to acquire a well-situated asset with substantial upside upon unit turnover. Oakland continues to display one of the strongest rent growth and lowest vacancy rental markets in the nation. 160 Athol is ideally located just steps away from Oakland’s Lake Merritt. This building offers tenants access to enjoy lake activates, as well as nearby restaurants, cafes, parks and shopping. This ideal location provides easy access to both downtown Oakland and the Grand Lake neighborhood . And is conveniently located 0.5 miles from Lake Merritt BART and both 580 and 880 freeway, so tenants have easy access to San Francisco and other nearby cities.

Investment Highlights

  • Value-Add Opportunity
  • A Block Away from Lake Merritt
  • On-Site Parking

Exclusively Listed By

Multifamily

160 Athol

Listing Price: $1,800,000

Cap Rate
3.80%
Number of Units
5
Occupancy
100.0%
Price/Unit
$360,000
Price/Gross SF
$415.90
Gross SF
4,328

Investment Highlights

  • Value-Add Opportunity
  • A Block Away from Lake Merritt
  • On-Site Parking

Investment Overview

160 Athol Avenue is a pride of ownership, well-maintained five-unit multifamily building located in the Cleveland Height neighborhood of Oakland, California. Built in 1923, the wood frame and stucco building consist of two structures. The front complex is a two-story four-unit apartment building and directly behind is the a single unit over a two-car garage. Combined these complexes contains approximately 4,328 square feet situated on a 0.1 acre lot. The property has a great unit mix of three one-bedroom units and two two-bedroom units. Each unit is individually metered for gas, electric and water. This apartment offers investors the opportunity to acquire a well-situated asset with substantial upside upon unit turnover. Oakland continues to display one of the strongest rent growth and lowest vacancy rental markets in the nation. 160 Athol is ideally located just steps away from Oakland’s Lake Merritt. This building offers tenants access to enjoy lake activates, as well as nearby restaurants, cafes, parks and shopping. This ideal location provides easy access to both downtown Oakland and the Grand Lake neighborhood . And is conveniently located 0.5 miles from Lake Merritt BART and both 580 and 880 freeway, so tenants have easy access to San Francisco and other nearby cities.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower