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Tools
Size
6,810 Sq Ft.
interior
0.14 Acres
Exterior
Financial
$1,078,000
Change Currency
$158
Price Per Sqft
Listing Details
Multi Family
Property type
11259727
Web Id
424026999
MLS ID
14
Days Posted
Description
263 Athol Avenue, Oakland, CA 94606
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 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!
This is an Active listing.
Broker Office Phone Number: 415-664-9400
Copyright © 2024San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 415-664-9400
Copyright © 2024San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History
date | Price | variance | type |
---|---|---|---|
4/25/2024 | $1,078,000 | - | Listed |
Listing By: Berkshire Hathaway-Franciscan via Data Source: San Francisco Association of REALTORS
listing agent: Andrew de Vries