Oakland Multifamily Investment
For Sale
$995,000
330 Athol Avenue, Oakland, CA 94606
Multifamily property near Lake Merritt with immediate cash flow.
Property Size3,588 SF
Lot Size0.09 Acres
Price / SF$277.31
Days on Market118
Property Features for 330 Athol Avenue
General Information
Standard status
Active
Size
3,588 SF
Lot size
0.09 Acres
Property subtype
Commercial
Building Details
Year Built
1908
Listing Agency:
COMPASS
(415) 345-3000
Listed By:
TONY ZIZZO · License #01962093
Source:
Corcoran
Added: Apr 4
Changed: Jul 10
Last Checked: Jul 30 at 8:46AM
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.
The property at 330 Athol Avenue presents a multifamily investment opportunity in Oakland's Cleveland Heights neighborhood. Situated approximately 0.6 miles from Lake Merritt and 2.2 miles from Jack London Square, the location benefits from proximity to dining, retail, and waterfront amenities. The property includes six units totaling approximately 3,558 square feet on a 0.09-acre lot. The unit mix consists of four junior one-bedroom, one-bathroom units, one one-bedroom, one-bathroom unit, and one two-bedroom, one-bathroom unit. The two-bedroom unit features a private deck. All units are currently occupied, providing immediate cash flow. The unit mix supports strong occupancy while offering long-term upside through rent growth and interior upgrades. The property can be acquired with adjacent assets at 320-324 and 326-328 Athol Avenue.
Key Highlights
- Multifamily investment property in the desirable Cleveland Heights neighborhood of Oakland.
- Prime location: 0.6 miles from Lake Merritt and 2.2 miles from Jack London Square, near dining, retail, and waterfront amenities.
- Six units with a diverse mix: (4) junior 1BD/1BA, (1) 1BD/1BA, and (1) 2BD/1BA, appealing to a wide range of tenants.
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 | $135.6k | $37.80 |
| − Vacancy | −$7.5k | −$2.08 |
| EGI | $128.2k | $35.72 |
| − OpEx | −$57.7k | −$16.07 |
| NOI | $70.5k | $19.65 |
3,588 SF · lease $37.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$881.2K – $1.17M
NOI $70,492 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,412 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property near Lake Merritt with immediate cash flow.
Where is this apartment building located?
The property is located at 330 Athol Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Multifamily investment property in the desirable Cleveland Heights neighborhood of Oakland.; Prime location: 0.6 miles from Lake Merritt and 2.2 miles from Jack London Square, near dining, retail, and waterfront amenities.; Six units with a diverse mix: (4) junior 1BD/1BA, (1) 1BD/1BA, and (1) 2BD/1BA, appealing to a wide range of tenants.
