220 Athol Avenue Oakland, CA $ 4,750,000
220 Athol Avenue
$ 4,750,000
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220 Athol Avenue

Oakland, CA, 94606
$ 4,750,000
Bedrooms-- Baths-- Sq 24,520

Monthly Estimate*

$ 29,992

Listed by Marcus & Millichap
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Commercial Property for sale in Oakland, CA

for $4,750,000. This 24,520 square foot building was built in 1966 on a lot size of 0.2576.

Located just two blocks from Lake Merritt, 220 Athol Avenue offers investors the rare opportunity to acquire a well-maintained 25-unit apartment community at an exceptional basis of just $190,000 per unit and $193 per square foot. The property features private balconies for every unit, gated underground parking, and onsite laundry facilities, enhancing its appeal to residents. Offered at over a 6% CAP rate with substantial additional rental upside, 220 Athol Avenue represents one of the most compelling value-add investment opportunities in Oakland's premier Lake Merritt neighborhood.

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Commercial Active

Price

$ 4,750,000

Property Type

Commercial

Taxes

$ 82,082

Style

Lot Size

0.2576

Year Built

1966

Town/City

Oakland

County/Region

Alameda

MLS | Web ID

ML82053676

Days on Market

4

Features
General
Cooling None
Zoning R-70
HOA Fee 0
Year Built 1966
County Alameda
Insurance Expense 17705
Property Type Commercial Sale
MaintenanceExpense 21250
Special Listing Conditions Standard
Status Active
City Oakland
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 11220
Carport Spaces 0
Tax Annual Amount 82082
Trash Expense 17538
Standard Status Active
Year Built Source Other
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Interior
Air Conditioning Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking 0
Lot Size Area 11220
Number of Buildings 1
Building Area Total 24520
Lot Size Acres 0.2576
Lot Size Source Assessor
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* Excluded Features
List By
Marcus & Millichap

Broker

ebinesh@marcusmillichap.com

Email

Affordability Calculator

$36,832
Per Month
81%
19%
0%
Monthly Principal & Interest
$29,992
Monthly Property Taxes
$6,840
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/10/2026$4,750,000 Listed Price

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220 Athol Avenue, Oakland, CA, 94606 is a Commercial Property for sale at $4,750,000 with 24,520 sqft and a lot size of 0.2576. 220 Athol Avenue was built in 1966. The property's zip code is 94606 which is in Oakland, CA