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$ 4,750,000
Est. payment | /mo
0.26 Acres Lot
$ 4,750,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML82053676
HOA Y/N No
Year Built 1966
Annual Tax Amount $82,082
Lot Size 0.258 Acres
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 699 - Not Defined
Zoning R-70
Interior
Cooling None
Fireplace No
Building
Water Public
Schools
School District Other
Others
Tax ID 021022403201
Special Listing Condition Standard
Listed by Eymon Binesh Marcus & Millichap #02060059
Nearby Locations
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880 Roosevelt Suite 250, Irvine, California, 92620, United States