$400,000 PRICE REDUCTION: Athol Lake Apartments is a 24-unit building located in the Cleveland Heights neighborhood of Oakland just off of Lake Merritt. Constructed in 1924, the property maintains many period details and much of its original charm, including a formal lobby and wide hallways. There was a new roof installed in 2019 along with the addition of 2 skylights which generate significant natural light for the top floor. The unit mix consists of 23 studios w/ eat-in kitchens and 1 2b/1ba unit. There is a large basement with a laundry room and several storage areas that are for landlord use and per the City of Oakland Accessory Dwelling Unit Program a new owner could currently build 6, large ADUs. Located on the Eastern edge of Lake Merritt, Cleveland Heights also referred to as China Hill offers tenants a quiet neighborhood in close proximity to many amenities, a short walk to Lake Merritt and 1 mile from Lake Merritt BART. Tenants are close to both the 580 and 880 freeways.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
