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220 Athol Ave
Oakland, CA 94606 Cleveland Heights

$4,750,000 USD

Apartments For Sale  •  24,520 SF

Property Details

  • Property Type Apartments
  • Total Building Size 24,520 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1966
  • Cap Rate 6.03 %
  • Zoning R-70, Oakland
80 Transit Score
80 Walk Score

Highlights

Large units with 30% upside in rents with onsite parking and laundry facilities
Featuring (1) studio, (16) large 1 bedroom/1 bath, (7) 2 bedroom/2 bath and (1) 2 bedroom/2 bath penthouse unit
Premier Lakeside Location – Situated in the highly sought-after Cleveland Heights/Lake Merritt neighborhood, just steps from Lake Merritt
Sits on a concrete podium and exempted from the soft story list
Convenient access to Interstate 580, Downtown Oakland, BART, major employers, shopping, dining, and recreation, enhancing tenant demand.

Financial Summary (Actual)

Net Operating Income: $286,411 USD (2025)
Cap Rate: 6.03 %
Total Expenses: $212,725 USD

Amenities

  • Balcony
  • Laundry Facilities
  • Security System

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.5 mi
11 min - 5.3 mi
AirportDriveWalkDistance
Metro Oakland International 16 min - 8.8 mi
San Francisco International 38 min - 24.3 mi
Norman Y Mineta San Jose International 51 min - 40.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Covered
Included in Rent: Yes
Dante Giacomini 415-306-4914 Marcus & Millichap
Dante Giacomini 415-306-4914 Marcus & Millichap