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Berkshire Hathaway HomeServices California Properties

220 Athol Avenue, Oakland, CA 94606

$4,750,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Eymon Binesh | ebinesh@marcusmillichap.com
Lic#: 02060059
Broker: Courtesy of Marcus & Millichap
Phone: 650-546-1030

Listing Details

Property type: (Commercial)

Property Sub-Type:

Status: Active Under Contract

Listing ID: ML82053676

Price: $4,750,000

Rental Rate: $4,750,000

Lot Size:

HOA Fee is $0.00

Built in 1966

0.26 acres

County: Alameda

Zoning: R-70

Heating/cooling: None

Last Updated: 7/20/2026

Days On Market (DOM): 7

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Lat/Long: 37.800498, -122.251930.
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Easement Present: (Easement present. For more information, contact agent.)

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Property Details

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.

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