Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81931205
MLS Source
MLSListings, Inc.
Interior Features
Appliances
Cooktop - Electric
Flooring
Hardwood
Laundry
None
Cooling
Ceiling Fan
Heating
Gas
Exterior Features
Roof
Tile
Foundation
Slab
Style
Cottage
Parking, School, and Other Information
Garage/Parking
Covered Parking, Garage: 2 Car(s)
Elementary District
Oakland Unified
High School District
Oakland Unified
Sewer
Public Sewer
Water
Public
Zoning
-
Contact Information
Listing Agent
Ismael Benhamida
Compass
License #: 01722847
Phone: (408) 373-6195
Co-Listing Agent
Hanna John Azar
License #: 02005698
Phone: (415) 875-0177
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,396 | 2 | 1/0 | $2,317 | $2,317 | 1 |
| 2 | 800 | 1 | 1/0 | $1,516 | $1,516 | 1 |
| 3 | 631 | 1 | 1/0 | $2,049 | $2,049 | 1 |
| 4 | 653 | 1 | 1/0 | $1,401 | $1,401 | 1 |
| 5 | 1,229 | 3 | 1/0 | $2,700 | $2,700 | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
160 Athol Ave is a Residential Income in Oakland, CA 94606. This 5,205 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1923. This address can also be written as 160 Athol Ave, Oakland, CA 94606.
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This listing information is up-to-date as of September 26, 2023. For the most current information, please contact Ismael Benhamida, (408) 373-6195
