263 Athol Avenue

Oakland, CA 94606

$1,078,000
Price
Beds
6,810 Sq. Ft.
$158 / Sq. Ft.
6,810
Sq. Ft.
$158
per Sq. Ft.

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!
  1. 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 Features
Attached, Covered
Architectural Style
Art Deco
Cross Street
Newton
Total Parking Spaces
4

Location

Listing Courtesy of Berkshire Hathaway-Franciscan, Andrew de Vries, DRE #01368031
Add your commute
LISTING UPDATED: 05/03/2024 03:38 PM

Property Details for 263 Athol Avenue

StatusActive
MLS #424026999
Days on Compass12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built-
Lot Size0.14 AC / 6,250 SF
CountyAlameda County

Location

Listing Courtesy of Berkshire Hathaway-Franciscan, Andrew de Vries, DRE #01368031
Add your commute

Building Information for 263 Athol Avenue

Stories3Residences8Year Built-Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$6,929 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,883

Property Taxes

$1,046

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 263 Athol Avenue

Summary
Location and General Information
  • Area/District: Oakland Zip 94606
  • Area Short Display: 2606
  • Location Description: Oakland Zip 94606
Taxes and HOA Information
  • APN: 021-0228-011
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
School Information
  • School District (County): Alameda
Parking
  • Covered Spaces: 4
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 4.0
  • Parking: Attached, Covered
Virtual Tour
Property
Lot Information
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Shape Regular
Property and Assessments
  • Possession: Close of Escrow
  • Picture Count: 29
  • Photos Provided By: Agent
  • Elevation: 0
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Construction Materials: Wood
  • Foundation: Concrete Perimeter
  • Stories: 3
  • Levels: Three
  • Exterior Features: Yard Space
  • Roof: Bitumen
Interior Features
  • Cooling: None
  • Flooring: Carpet, Wood
  • Full Bathrooms: 0
  • # of Rooms: 24
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 3
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 3
2 Bedroom Unit
  • # of 2 Bedroom Units: 3
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 2
3 Bedroom Unit
  • # of 3 Bedroom Units: 2
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 8.17
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 0.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 3
  • # of Studio Units: 0
  • # of Units: 8
  • # Of Units Total: 8
  • # Of Units Vacant: 0
  • # Of Units Leased: 8
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • # Of Units Month to Month: 8
  • Studio Annual Occupancy: .00%

Property History for 263 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 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

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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263 Athol Avenue is a multi-family home for sale in Oakland, CA 94606. This property was listed for sale on April 25, 2024 by Berkshire Hathaway-Franciscan, it's currently listed at $1,078,000. This listing's school district is Oakland Unified School District. Nearby schools include Cleveland Elementary School, Edna Brewer Middle School and Oakland High School. 263 Athol Avenue is a 0-bed, 0-bath, 6,810 sqft multi-family home.

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 Berkshire Hathaway-Franciscan, Andrew de Vries, DRE #01368031

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.