Fourplex with Detached
320-324 Athol Avenue Oakland, CA 94606
320-324 Athol Avenue, Oakland, CA, 94606
$1,095,000
For Sale
$1,095,000
Two-structure multifamily with five rental units, including three vacant units for renovation and lease-up.
Property Size3,745 SF
Lot Size0.11 Acres
Price / SF$292.39
Days on Market111
Property Features for 320-324 Athol Avenue
General Information
- Standard status
- Active
- Size
- 3,745 SF
- Lot size
- 0.11 Acres
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 1915
Listing agency
Compass
(408) 772-8661
Listed by
Tony Zizzo · License #01962093
(408) 772-8661
Source
Compass
Added: Apr 3 Updated: Jul 21 at 6:38PM Checked: Jul 22 at 10:23AM
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 Compass
Investment Insights
Based on property information with market context.
320–324 Athol Avenue is a 4-plex multifamily property with two structures totaling approximately 3,745 square feet on a 0.11-acre lot. The unit mix includes four 1 bed/1 bath units and one detached 2 bed/1 bath single-family-style home. Three units are currently vacant, allowing for renovation and lease-up to market rents.
The property is located in the Cleveland Heights area of Oakland, CA 94606, about 0.6 miles from Lake Merritt and 2.2 miles from Jack London Square. Detached garages provide additional annual income of approximately $7,800.
Investors can also consider acquiring two adjacent properties (326–328 and 330 Athol) to support portfolio scale, operational efficiency, and potential long-term redevelopment or growth.
The property is located in the Cleveland Heights area of Oakland, CA 94606, about 0.6 miles from Lake Merritt and 2.2 miles from Jack London Square. Detached garages provide additional annual income of approximately $7,800.
Investors can also consider acquiring two adjacent properties (326–328 and 330 Athol) to support portfolio scale, operational efficiency, and potential long-term redevelopment or growth.
Key Highlights
- Two‑structure multifamily totaling ~3,745 SF on a 0.11‑acre lot
- Five rental units total: (4) 1 bed/1 bath units plus (1) 2 bed/1 bath detached home
- Built in 1915; features three vacant units for renovation and lease‑up
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.6k | $37.80 |
| − Vacancy | −$7.8k | −$2.08 |
| EGI | $133.8k | $35.72 |
| − OpEx | −$60.2k | −$16.07 |
| NOI | $73.6k | $19.65 |
3,745 SF · lease $37.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$919.7K – $1.23M
NOI $73,576 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,418 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Two-structure multifamily with five rental units, including three vacant units for renovation and lease-up.
Where is this apartment building located?
The property is located at 320-324 Athol Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Two‑structure multifamily totaling ~3,745 SF on a 0.11‑acre lot; Five rental units total: (4) 1 bed/1 bath units plus (1) 2 bed/1 bath detached home; Built in 1915; features three vacant units for renovation and lease‑up
