$995,000
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.
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Listed by Tony Zizzo with Compass (415) 345-3000
Property Type
Commercial Sale
Status
Active
MLS Number
ML82041559
Year Built
1908
Lot Size
3,999 sq ft