263 Athol Avenue
263 Athol Avenue
$1,078,000
—
6,810
6,810
$158
Description
This rare Lake Merrit 8-Unit Art Deco apartment building, steps from Lake Merrit and Grand Lake shopping and dining, could be the perfect investment with upside for savvy buyers. 263 Athol, which consists of two 2BD/1BAs, three 1BD/1BA, and three Studio apartments, will be delivered fully rented at close. Per the public tax records, the property, which is located in the popular Cleveland Heights neighborhood in the hills above Lake Merritt, measures 6,810 Sq Ft on the interior, and is located on...This rare Lake Merrit 8-Unit Art Deco apartment building, steps from Lake Merrit and Grand Lake shopping and dining, could be the perfect investment with upside for savvy buyers. 263 Athol, which consists of two 2BD/1BAs, three 1BD/1BA, and three Studio apartments, will be delivered fully rented at close. Per the public tax records, the property, which is located in the popular Cleveland Heights neighborhood in the hills above Lake Merritt, measures 6,810 Sq Ft on the interior, and is located on a 6,250 Sq Ft lot with an attractive rear yard for tenant enjoyment. Held by long-term family owners for many years, the building has a current gross annual income in the $132,000 range with a 6.5% CAP rate and significant possible upside for the next owners. Located in a wonderful Lake Merritt location with easy access to Grand Lake shopping, Farmers Market, Trader Joe's, Grand Lake Theater, excellent restaurants, cafes, and public transit and freeway access, 263 Athol Ave should provide an attractive tenant offering for years to come. Don't miss the opportunity to add this unique opportunity to your investment portfolio!
- Listed by Andrew de Vries • DRE #01368031 • Brokerage DRE #00754415 • Berkshire Hathaway-Franciscan
Property Details for 263 Athol Avenue
Directions to Property
Take Newton to Athol
Parking FeaturesAttached, Covered
Architectural StyleArt Deco
Cross StreetNewton
Total Parking Spaces4
Location
LISTING UPDATED: 05/03/2024 03:38 PM
Property Details for 263 Athol Avenue
Status | Active |
---|---|
MLS # | 424026999 |
Days on Compass | 12 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | - |
Lot Size | 0.14 AC / 6,250 SF |
County | Alameda County |
Location
Building Information for 263 Athol Avenue
Stories3Residences8Year Built-Building Size-Lot Size0.14 AC / 6,250 SF
Payment Calculator
$6,929 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 263 Athol Avenue
Property History for 263 Athol Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 263 Athol Avenue
Taxable ValueLand$351,325Additions$72,143Total$423,468
Tax Record2023$12,549 ($1,046 / month)
Home Facts
Total Finished SqFt6,810 SqFtAbove Grade Finished SqFt6,810 SqFtStories2Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyALAMEDAAPN21-228-11
Schools near 263 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 - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Cleveland Elementary School PublicK to 5 | ||
Edna Brewer Middle School Public6 to 8 | ||
Oakland High School Public9 to 12 | ||
Aspire Lionel Wilson College Preparatory Academy Charter6 to 12 |
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.
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