160 Athol Avenue

Oakland, CA 94606

$1,378,000
Last Sold Price
Beds
5,205 Sq. Ft.
$265 / Sq. Ft.
5,205
Sq. Ft.
$265
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Hanna John Azar

    Hanna John Azar

    Alternative Listing Agent

    Compass

    DRE #02005698

Property Details for 160 Athol Avenue

MLS City Name
OAKLAND
Building Type
Other
Style
Cottage
Garage Spaces
2
Parking Spaces
0
View
Downtown
Cross Street
Lakeshore Drive.

Location

Listing Courtesy of Compass, Hanna John Azar, DRE #02005698; Compass, Ismael Benhamida, DRE #01722847

Sold By Intero Real Estate Services, Heng Chieng, DRE #01194638

Add your commute
LISTING UPDATED: 09/26/2023 09:37 AM

Property Details for 160 Athol Avenue

StatusSold
MLS #ML81931205
Days on Compass102
Taxes$24,582 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1923
Lot Size0.10 AC / 4,200 SF
CountyAlameda County

Location

Listing Courtesy of Compass, Hanna John Azar, DRE #02005698; Compass, Ismael Benhamida, DRE #01722847

Sold By Intero Real Estate Services, Heng Chieng, DRE #01194638

Add your commute

Virtual Tour

Building Information for 160 Athol Avenue

Stories-Residences-Year Built1923Building Size-Lot Size0.10 AC / 4,200 SF

Payment Calculator

$9,569 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,520

Property Taxes

$2,049

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 160 Athol Avenue

Features
External Links
Room Information
  • Additional Rooms: Storage
  • Kitchen: Cooktop - Electric
Features
  • Amenities: Other
  • Communications: Cable TV, DSL
  • Fireplace: No
  • Flooring: Hardwood
  • Laundry: None
  • Living SqFt: 5205
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Gas
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Oakland Zip Code 94606
  • Restrictions: None
  • Roof: Tile
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 160
  • Street Name: Athol
  • Street Suffix: Avenue
  • Area ID: 2606
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5205
  • Structure SqFt Source: Assessor
  • Age: 100
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: -
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 021-0224-025-05
  • County Name: Alameda
  • City Name: OAKLAND
  • City Postal ID: 131
  • Postal Code: 94606
  • Elementary School: 27162
  • Elementary School District: 1686
  • High School District Text: Oakland Unified
  • High School Text: Oakland High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .10
  • Lot Description: Grade - Sloped Down
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio, BBQ Area, Deck
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
General Information
  • Annual Tax Amount: $24,582
  • Capitalization Rate: 5.20
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,594
  • Expense Landscape: $0
  • Expense Maintenance: $2,500
  • Expense Management: $0
  • Expense Trash: $3,204
  • Expenses Other: $2,176
  • Expenses Utility: $3,470
  • Expenses Total: $38,526
  • Operating Expenses Include: Fee - Other Taxes, Insurance, Maintenance, Maintenance - Repair, Services - Trash Removal
  • Gross Rent Multiplier: 12.49
  • Income Annual Gross: $116,466
  • Income Annual Rental: $119,816
  • Income Gross Scheduled: $120,068
  • Income Other: $252
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,317
Unit 2 Information
  • Unit 2 Approx Square Footage: 800
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,516
Unit 3 Information
  • Unit 3 Approx Square Footage: 631
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,049
Unit 4 Information
  • Unit 4 Approx Square Footage: 653
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,401
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 1396
  • Unit Type1 Units Total: 1
Unit Type 2
  • Unit Type2 Units Total: 1
Unit Type 3
  • Unit Type3 Units Total: 1
Unit Type 4
  • Unit Type4 Units Total: 1
Unit Type 5
  • Unit Type5 Units Total: 1

Property History for 160 Athol Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 160 Athol Avenue

Taxable ValueLand$765,541Additions$1,092,536Total$1,858,077
Tax Record2023$30,022 ($2,502 / month)
Home Facts
Total Finished SqFt5,205 SqFtAbove Grade Finished SqFt5,205 SqFtStories2Lot Size4,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyALAMEDAAPN21-224-25-5

Schools near 160 Athol Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Cleveland Elementary School
PublicK to 5

Edna Brewer Middle School
Public6 to 8

Oakland High School
Public9 to 12

ASCEND School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Hanna John Azar, DRE #02005698; Compass, Ismael Benhamida, DRE #01722847

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.