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Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

Listed by Tony Zizzo • Compass, DRE#01962093

$1,095,000

Est. payment - /mo

3 Beds

2 Baths

3,745 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,745 sqft

Price per Sqft $292

MLS Listing ID ML82041534

Bedrooms 3

Full Baths 2

Year Built 1915

Lot Size 4,960 Sqft

Property Sub-Type Five or More Units

Property Description

THREE VACANT UNITS allowing for renovation and lease-up at market rents, 4-plex with detached 2 Bed 1 Bath single-family home! 320-324 Athol Avenue offers a strong multifamily investment in Oaklands desirable Cleveland Heights neighborhood, just 0.6 miles from Lake Merritt and 2.2 miles from Jack London Square. The highly walkable, transit-friendly location provides excellent access to dining, retail, and major employment centers, supporting consistent tenant demand. The property includes two structures totaling ~3,745 SF on a 0.11-acre lot, with a unit mix of (4) 1BD/1BA units and (1) 2BD/1BA single-family-style home, appealing to a broad renter base. Investors benefit from immediate value-add potential, with three vacant units allowing for renovation and lease-up at market rents. Additional income is generated from detached garages (~$7,800 annually), with upside potential. A rare opportunity exists to acquire two adjacent properties (326-328 and 330 Athol), enabling scale, operational efficiency, and long-term redevelopment or portfolio growth. With strong rental demand and limited supply, this offering combines in-place income, vacancy-driven upside, and strategic expansion potential in a prime Lake Merritt submarket.

Location

State CA

County Alameda

Area Oakland Zip Code 94606

Zoning RM-2/S-13

Rooms

Kitchen Oven Range - Gas

Interior

Heating Wall Furnace , Other

Cooling Other

Flooring Carpet, Hardwood

Exterior

Exterior Feature Back Yard

Parking Features Detached Garage, On Street

Garage Spaces 4.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Flat / Low Pitch,Tar and Gravel

Building

Foundation Brick , Combination, Concrete Perimeter, Crawl Space

Sewer Sewer - Private

Water Private / Mutual

Others

Restrictions None

Tax ID 022-0306-017

Security Features Other

Special Listing Condition Not Applicable

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Nearby Locations

Emil Soleyman

Broker | License ID: 01496074

+1(209) 500-8589 | emil@emilrealestate.com

320-324 Athol AVE Oakland, CA 94606

Emil Soleyman

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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