320330 Athol Avenue, Oakland, California 94606

$2,375,000

Property Type

Commercial Sale

Building Size

9,165 sqft

City

Oakland

Status

Active

Three contiguous parcels totaling 13 Units! 320-330 Athol Avenue is a rare chance to buy three side by side properties in the Cleveland Heights area of Oakland. The sale includes 13 units in about 9,127 square feet on a combined 0.28 acres. Located just 0.6 miles from Lake Merritt and 2.2 miles from Jack London Square, close to dining, shopping, parks and transit. 320-324 Athol Ave offers upside. It has two buildings one with (4) 1 bed 1 bath units and the other (1) 2 bed 1 bath single family home, gas and electric are separately metered. The building with the (4) 1 Bed 1 Bath units is completely vacant, so a buyer can renovate and lease at market rents. Detached garages bring in about 7,800 dollars per year. 326 Athol is a 3 bed 1.5 bath single family home with original hardwood floors, a fireplace, a laundry area and mature trees. It works well as a rental or for an owner user. 330 Athol is fully occupied and it's master metered for all utilities. The main building has four junior 1 bed 1 bath units, one 1 bed 1 bath and one 2 bed 1 bath with a private deck. A detached rear unit, 328, is a 2 bed loft with its own bath. Together, the three properties offer in place income, and long term value in a strong rental area. 320-330 Athol Ave is to be sold as a portfolio only.