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Well-Maintained 25-Unit Apartment Community
For Sale
$4,750,000
Pending

220 Athol Avenue, Oakland, CA 94606

25-unit apartment community with private balconies, gated underground parking, and onsite laundry facilities.

Property Size24,520 SF
Days on Market26

Property Features for 220 Athol Avenue

General Information

Standard status Pending
Size 24,520 SF
Property subtype 5+ Units / Five or More Units

Additional Details

Business Included Yes
Multifamily Units 25

Building Details

Year Built 1966
Tenancy Multi
Listing Agency: Marcus & Millichap
Listed By: Eymon Binesh · License #02060059
Source: Compass
Added: Jul 6 Changed: Jul 21 Last Checked: Jul 24 at 3:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap

Investment Insights

Based on property information with market context.

220 Athol Avenue is a well-maintained 25-unit apartment community featuring private balconies for every unit. The property also includes gated underground parking and onsite laundry facilities, supporting convenient resident day-to-day use.

The building is located just two blocks from Lake Merritt in Oakland.

Offered for sale with investor-focused metrics cited in the marketing materials, including a reported basis of $190,000 per unit and $193 per square foot, along with an over-6% CAP rate and stated additional rental upside.

Key Highlights

  • 25‑unit apartment community built in 1966
  • Just two blocks from Lake Merritt
  • Private balconies for every unit

Property Analytics

Current Use

SWBC Business Management Consultant

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Plumbing Service Grocery & Convenience Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,856
Businesses Nearby

Demographics for 94606, CA

40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 25-unit apartment community with private balconies, gated underground parking, and onsite laundry facilities.
Where is this apartment building located?
The property is located at 220 Athol Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 25‑unit apartment community built in 1966; Just two blocks from Lake Merritt; Private balconies for every unit
More about this property
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