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$ 995,000
Est. payment | /mo
4 Beds
3 Baths
3,588 SqFt
$ 995,000
Est. payment | /mo
4 Beds
3 Baths
3,588 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,588 sqft
Price per Sqft $277
Lot Size 4,000 Sqft
MLS Listing ID ML82041559
Bedrooms 4
Full Baths 3
Property Description
330 Athol Avenue offers a multifamily investment in Oaklands desirable Cleveland Heights neighborhood, just 0.6 miles from Lake Merritt and 2.2 miles from Jack London Square. The property benefits from strong tenant demand due to its proximity to dining, retail, and waterfront amenities while maintaining a residential neighborhood feel. The property consists of six units totaling ~3,558 SF on a 0.09-acre lot, with a unit mix of (4) junior 1BD/1BA units, (1) 1BD/1BA unit, and (1) 2BD/1BA unit. This diverse mix appeals to a wide range of tenants, from entry-level renters to those seeking larger living spaces. The 2BD unit features a private deck, enhancing rental appeal and potential premiums. All units are currently occupied, providing immediate and in-place cash flow. The unit mix supports strong occupancy while offering long-term upside through rent growth and interior upgrades. The property can be acquired with adjacent assets at 320-324 and 326-328 Athol Avenue, creating a rare opportunity for scale, operational efficiency, and long-term portfolio growth in a prime Lake Merritt submarket.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Zoning RM-2/S-13
Interior
Heating Wall Furnace , Other
Cooling Other
1-purchase type For Sale
Exterior
Garage Off-Street Parking, On Street
Utilities Available Public Utilities
Roof Type Composition,Flat / Low Pitch,Shingle
Building
Foundation Concrete Perimeter and Slab, Crawl Space
Sewer Sewer - Private
Water Private / Mutual
Others
Restrictions Other
Tax ID 022-0306-019
Security Features Other
Special Sale Not Applicable
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Listed by Tony Zizzo of Compass
Bought with Tony Zizzo of Compass
Bought with Tony Zizzo of Compass
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Robert Lucido
Advisor | yjnn 4444789