Fourplex with Detached Single-Family
320324 Athol Avenue Oakland, CA 94606
For Sale
$1,095,000
Fourplex includes multiple 1-bedroom units and a detached 2-bedroom home, with three vacant units for renovation and lease-up.
Property Size3,745 SF
Lot Size0.11 Acres
Price / SF$292.39
Days on Market104
Property Features for 320324 Athol Avenue
General Information
- Standard status
- Active
- Size
- 3,745 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1915
Listing Agency:
Compass
(650) 770-8356
Listed By:
Tony Zizzo · License #01962093
(650) 770-8356
Source:
Exitrealty
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 5:58AM
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 multifamily property configured as a 4-plex, paired with a detached single-family-style home. The unit mix includes four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath detached unit. Three units are vacant, offering an opportunity for renovation and subsequent lease-up.
The property consists of two structures. In addition to the residential units, detached garages provide extra income, with the remarks citing approximately $7,800 annually from garage revenue.
The listing also notes proximity to Lake Merritt and Jack London Square, supporting access to established dining and retail destinations in the surrounding area. The combination of in-place residential units and vacancy-driven renovation/lease-up potential is intended to appeal to investors seeking value-add improvements.
The property consists of two structures. In addition to the residential units, detached garages provide extra income, with the remarks citing approximately $7,800 annually from garage revenue.
The listing also notes proximity to Lake Merritt and Jack London Square, supporting access to established dining and retail destinations in the surrounding area. The combination of in-place residential units and vacancy-driven renovation/lease-up potential is intended to appeal to investors seeking value-add improvements.
Key Highlights
- 4‑plex with detached single‑family‑style 2BD/1BA plus (4) 1BD/1BA units, built in 1915
- Two structures totaling ~3,745 SF on a 0.11‑acre lot
- Three vacant units available for renovation and lease‑up at market rents
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
FAQs
What type of property is this?
Apartment building - Fourplex includes multiple 1-bedroom units and a detached 2-bedroom home, with three vacant units for renovation and lease-up.
Where is this apartment building located?
The property is located at 320324 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: 4‑plex with detached single‑family‑style 2BD/1BA plus (4) 1BD/1BA units, built in 1915; Two structures totaling ~3,745 SF on a 0.11‑acre lot; Three vacant units available for renovation and lease‑up at market rents
