220 Athol AVE, Oakland, CA 94606
- $4,750,000
- 24,520
- SqFt
- List Price
- $4,750,000
- Closing Date
- Sep 16, 2026
- MLS#
- ML82053676
- Status
- CONTINGENT
- Property Type
- com
- Sqft. of Residence
- 24,520
- Lot Size
- 11,220
- Listing Area
- Oakland Zip Code 94606
- Year Built
- 1966
Property Description
Located just two blocks from Lake Merritt, 220 Athol Avenue offers investors the rare opportunity to acquire a well-maintained 25-unit apartment community at an exceptional basis of just $190,000 per unit and $193 per square foot. The property features private balconies for every unit, gated underground parking, and onsite laundry facilities, enhancing its appeal to residents. Offered at over a 6% CAP rate with substantial additional rental upside, 220 Athol Avenue represents one of the most compelling value-add investment opportunities in Oakland's premier Lake Merritt neighborhood.
Additional Information
- Age
- 60
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Attached Garage
- Heating System
- Gas
- Living Area
- 24,520
- Lot Size
- 11,220
- Neighborhood
- Oakland Zip Code 94606
- Other Utilities
- Public Utilities
- Roof
- Rolled Composition
- Sewer
- Sewer - Public
- Special Features
- Elevator / Lift, Parking
- Total Number Of Units
- 25
- Unincorporated Yn
- Yes
- Zoning
- R-70
Mortgage Calculator
Listing courtesy of Eymon Binesh from Marcus & Millichap. 650-546-1030
Based on information from MLSListings MLS as of 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.
Copyright 2026 MLSListings Inc. All rights reserved