This rare Lake Merrit 8-Unit Art Deco apartment building, steps from Lake Merrit and Grand Lake shopping and dining, could be the perfect investment with upside for savvy buyers. 263 Athol, which consists of two 2BD/1BAs, three 1BD/1BA, and three Studio apartments, will be delivered fully rented at close. Per the public tax records, the property, which is located in the popular Cleveland Heights neighborhood in the hills above Lake Merritt, measures 6,810 Sq Ft on the interior, and is located on a 6,250 Sq Ft lot with an attractive rear yard for tenant enjoyment. Held by long-term family owners for many years, the building has a current gross annual income in the $132,000 range with a 6.5% CAP rate and significant possible upside for the next owners. Located in a wonderful Lake Merritt location with easy access to Grand Lake shopping, Farmers Market, Trader Joe's, Grand Lake Theater, excellent restaurants, cafes, and public transit and freeway access, 263 Athol Ave should provide an attractive tenant offering for years to come. Don't miss the opportunity to add this unique opportunity to your investment portfolio!
MLS #
SF424026999
MLS Source
San Francisco Association of Realtors® MLS
Buyer's Brokerage Compensation*
2.5
Flooring
Carpet, Wood
Cooling
None
Roof
Bitumen
Foundation
Concrete Perimeter
Style
Art Deco
Garage/Parking
Attached Garage, Covered Parking, Garage: 0 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
8 | 8 | – |
263 Athol Ave is a Residential Income in Oakland, CA 94606. This 6,810 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,078,000 and was built in 0.
This address can also be written as 263 Athol Ave, Oakland, CA 94606.©2024 San Francisco Association of Realtors® MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 13, 2024. For the most current information, please contact Andrew de Vries