5
Beds
4
Baths
5,205
Sq. Ft.
0.0964
Acre Lot
Courtesy: Ismael Benhamida - Compass
Location. Location. Location. Situated half a block from prestigious Lake Merritt, shopping, and public transportation in Oakland's Cleveland Heights neighborhood. Pride of ownership 5 unit apartment complex consisting of two structures- a 4-unit building at the front, and a house above the garage in the rear. There are (3) spacious 1-bed/1-bath, (1) large 2-bed/1-bath, and (1) 3-bed/1-bath units. Significant income upside. Cap rate: 5.44% (current) / 7.90% (proforma). GRM: 12.44 (current) / 9.23 (proforma). Walking distance to Downtown Oakland, BART, multiple parks, and the Grand Lake neighborhood. Convenient access to HWY 580 and 880. Oakland has consistently had among the nation's highest rent growth and lowest vacancy rates. The rent growth, low vacancy, shortage of housing units, and proximity to large Bay Area employers make 160 Athol Avenue a compelling opportunity for both the cash flow and appreciation minded investor. Offering memorandum available.
ML81931205
Residential - Multi-Family, Other
5
4 Full
1923
Alameda
0.0964
Acres
Water: Public
Sewer: Sewer - Public
Loading...
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
Loading...
Arrows indicate 90 day trend
Loading...
Courtesy: Ismael Benhamida, Compass
Agent License: 01722847
Office License: 01527235
Office Phone: 4153453000
The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Broker Listing Exchange (BLE) program of MLSListings Inc. 2024. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Based on information from the MLSListings MLS as of {{last updated}} (updated every 15 minutes). 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.
MLS search engine powered by Constellation Web Solutions. Copyright© MLSListings Inc. 2024 All Rights reserved.