160 Athol AVE, Oakland, CA 94606
- $1,378,000
- 5,205
- SqFt
Listed by Ismael Benhamida, 408-373-6195 from Compass
(If provided) CoList: Hanna John Azar from Compass
Sold listing courtesy of Heng Chieng from SWRR01
- Sold Price
- $1,378,000
- List Price
- $1,500,000
- Closing Date
- Sep 22, 2023
- MLS#
- ML81931205
- Status
- SOLD
- Sqft. of Residence
- 5,205
- Lot Size
- 4,200
- Listing Area
- Oakland Zip Code 94606
- Year Built
- 1923
Property Description
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.
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Additional Information
- Acres
- 0.10
- Age
- 100
- Amenities
- Other
- Cooling System
- Ceiling Fan
- Days On Market
- Unknown
- Floor Covering
- Hardwood
- Foundation
- Concrete Slab
- Garage Parking
- Covered Parking
- Heating System
- Gas
- Laundry Facilities
- None
- Living Area
- 5,205
- Lot Description
- Grade - Sloped Down
- Lot Size
- 4,200
- Neighborhood
- Oakland Zip Code 94606
- Other Rooms
- Storage
- Other Utilities
- Public Utilities
- Roof
- Tile
- Sewer
- Sewer - Public
- Style
- Cottage
- Unincorporated Yn
- Yes
- View
- Downtown
- Zoning
- -
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