Location. Location. Location. Situated half a block from prestigious Lake Merritt, shopping, and public transportation in Oakland's Cleveland Heights neighborhood. Pride of ownership 5 unit apartment complex consisting of two structures- a 4-unit building at the front, and a house above the garage in the rear. There are (3) spacious 1-bed/1-bath, (1) large 2-bed/1-bath, and (1) 3-bed/1-bath units. Significant income upside. Cap rate: 5.44% (current) / 7.90% (proforma). GRM: 12.44 (current) / 9.23 (proforma). Walking distance to Downtown Oakland, BART, multiple parks, and the Grand Lake neighborhood. Convenient access to HWY 580 and 880. Oakland has consistently had among the nation's highest rent growth and lowest vacancy rates. The rent growth, low vacancy, shortage of housing units, and proximity to large Bay Area employers make 160 Athol Avenue a compelling opportunity for both the cash flow and appreciation minded investor. Offering memorandum available.
Sold for $1,378,000
$1,378,000
Athol Ave, Oakland, CA 94606
8beds
5baths
5,205sqft
Five Or More Units, Residential Income
Built in 1923
-- sqft lot
$1,233,600 Zestimate®
$265/sqft
$3,204 Estimated rent
Home value
$1,233,600
$1.10M - $1.39M
$3,204/mo
Zestimate® history
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Low vacancyMultiple parks
Zillow last checked:
Listing updated:
Listed by:
Ismael Benhamida 01722847 408-373-6195,
Compass 415-345-3000,
Hanna John Azar 02005698 415-875-0177
Bought with:
Heng Chieng, 01194638
Intero Real Estate Services
Source: MLSListings Inc,MLS#: ML81931205
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Gas
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Cooktop
- Laundry: None
Features
- Flooring: Hardwood
- Doors: None
- Windows: Other
Interior area
- Total structure area: 5,205
- Total interior livable area: 5,205 sqft
Property
Parking
- Total spaces: 2
- Parking features: Covered
- Garage spaces: 2
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 4,181 Square Feet
- Features: Sloped Down
Details
- Parcel number: 021022402505
- Zoning: -
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Slab
- Roof: Tile
Condition
- Year built: 1923
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Oakland
Financial & listing details
- Price per square foot: $265/sqft
- Date on market: 6/8/2023
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2023 | Sold | $1,378,000-8.1%$265/sqft |
Source:  MLSListings Inc #ML81931205 Report a problem | ||
| 9/19/2023 | Pending sale | $1,500,000$288/sqft |
Source: MLSListings Inc #ML81931205 Report a problem | ||
| 6/8/2023 | Listed for sale | $1,500,000$288/sqft |
Source: MLSListings Inc #ML81931205 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Clinton
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Nearby schools
GreatSchools rating
- 7/10Franklin Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Roosevelt Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Oakland High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: ClevelandElementary_1
- High: OaklandHigh
- District: OaklandUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,233,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,233,600
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