For sale

$4,750,000

Athol Ave, Oakland, CA 94606

5beds

6baths

24,520sqft

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Five Or More Units, Residential Income

Built in 1966

-- sqft lot

$-- Zestimate^®

$194/sqft

$-- HOA

What's special

Gated underground parkingOnsite laundry facilities

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.

3 days

73

2

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 6

Heating

Cooling

None

Interior area

Total structure area: 24,520
Total interior livable area: 24,520 sqft

Property

Parking

Total spaces: 25
Parking features: Attached
Garage spaces: 25
Has carport: Yes

Accessibility

Accessibility features: Elevator/Lift, Parking

Lot

Size: 0.26 Acres

Details

Parcel number: 021022403201
Zoning: R-70
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Five Or More Units, Residential Income

Materials

Foundation: Concrete Perimeter
Roof: RolledHotMop

Condition

Year built: 1966

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: $194/sqft
Date on market: 7/9/2026
Listing agreement: ExclusiveAgency
Lease term: Month To Month

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/9/2026	Listed for sale	$4,750,000$194/sqft
Source: MLSListings Inc #ML82053676 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Cleveland Heights

Getting around

88 / 100

Very Walkable

60 / 100

Good Transit

65 / 100

Bikeable

Nearby schools

GreatSchools rating

6/10
Cleveland Elementary School
Grades: K-5Distance: 0.2 mi
8/10
Edna Brewer Middle School
Grades: 6-8Distance: 0.9 mi
4/10
Oakland High School
Grades: 9-12Distance: 0.6 mi

Schools provided by the listing agent

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.