330 Athol Ave 7 Unit Apartment Building $995,000 ($142,143/Unit) 5.67% Cap Rate Oakland, CA 94606

330 Athol Avenue presents a well-balanced multifamily investment opportunity in Oakland’s highly desirable Cleveland Heights neighborhood, offering a diverse unit mix and strong in-place income potential in a supply-constrained rental market. Located just 0.6 miles from Lake Merritt and approximately 2.2 miles from Jack London Square, the property benefits from immediate access to premier dining, retail, and waterfront amenities, while maintaining a neighborhood feel that continues to attract consistent tenant demand.
The property consists of seven units totaling approximately 3,550 square feet situated on a 0.09-acre lot, including a detached rear unit that enhances both the unit mix and income potential. The main building comprises six units, including four junior one-bedroom/one-bathroom units, one one-bedroom/one-bathroom unit, and one two-bedroom/one-bathroom unit. In addition, the property features a detached structure at the rear, designated as Unit 328, which is a two-bedroom loft-style unit with one bathroom, offering increased privacy.
This diverse configuration allows an investor to capture demand across multiple renter profiles, from entry-level tenants seeking affordability to those desiring larger or more private living spaces. The two-bedroom unit in the main building is further enhanced by a private deck, while the detached Unit 328 provides an additional premium component with its standalone layout and loft design—features that can command higher rents and support tenant retention.
All units are currently occupied, providing immediate, stable in-place cash flow for a new owner. The strong concentration of smaller units supports consistent occupancy and operational efficiency, while the inclusion of larger and detached units helps balance the rent roll and create additional long-term upside potential through strategic rent increases and interior upgrades.
As part of a rare contiguous assemblage opportunity with the neighboring properties at 320–324 Athol Avenue and 326 Athol Avenue, 330 Athol Avenue offers investors the ability to scale within a prime Oakland submarket. This positioning enhances long-term value through potential portfolio consolidation, improved management efficiencies, and future redevelopment considerations.