263 Athol Avenue Oakland, CA 94606
15 bed / 6,810 Sq. Ft. / 6,251 Sq. Ft., 0.144 acres lot size / Multi-Family
Status: Sold
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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!
property details
Type
Multi-Family
Status
Closed
County
Alameda
Beds
15
Sq. Ft.
6,810
Lot Size
6,251 Sq. Ft., 0.1 acres
Listing Id
424026999
Courtesy Of
Andrew de Vries - Berkshire Hathaway-Franciscan +1 (415) 664-9400
List Office Phone
+1 (415) 664-9400
Interior Features
Flooring
Carpet
Wood
Wood
Living Area Units
Sq. Ft.
Rooms Total
24
Exterior Features
Roof
Asphalt
Parking
Attached Garage
Covered
Covered
Foundation
Concrete Perimeter
Stories
3
Parking Spaces
4
Utility & Building Info
Parcel Number
0210228011
Cooling
None
Building Area Total
6,810 Sq. Ft.
Price Per Sq Ft
$158
Architectural Style
3+ Story
Price History
| date | event | price | source |
|---|---|---|---|
|
07/16/2024
07/16/2024
|
Sold |
$1,200,000
|
San Francisco Association of Realtors |
|
05/13/2024
05/13/2024
|
Pending |
$1,078,000
|
San Francisco Association of Realtors |
|
05/10/2024
05/10/2024
|
Contingent |
$1,078,000
|
San Francisco Association of Realtors |
|
04/26/2024
04/26/2024
|
Active |
$1,078,000
|
San Francisco Association of Realtors |
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Market Trends
Source: Constellation1
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