320-324 Athol Avenue, Oakland, CA 94606

• 3,745 sqft

Property Description

THREE VACANT UNITS allowing for renovation and lease-up at market rents, 4-plex with detached 2 Bed 1 Bath single-family home! 320-324 Athol Avenue offers a strong multifamily investment in Oaklands desirable Cleveland Heights neighborhood, just 0.6 miles from Lake Merritt and 2.2 miles from Jack London Square. The highly walkable, transit-friendly location provides excellent access to dining, retail, and major employment centers, supporting consistent tenant demand. The property includes two structures totaling ~3,745 SF on a 0.11-acre lot, with a unit mix of (4) 1BD/1BA units and (1) 2BD/1BA single-family-style home, appealing to a broad renter base. Investors benefit from immediate value-add potential, with three vacant units allowing for renovation and lease-up at market rents. Additional income is generated from detached garages (~$7,800 annually), with upside potential. A rare opportunity exists to acquire two adjacent properties (326-328 and 330 Athol), enabling scale, operational efficiency, and long-term redevelopment or portfolio growth. With strong rental demand and limited supply, this offering combines in-place income, vacancy-driven upside, and strategic expansion potential in a prime Lake Merritt submarket.

Listing Status:

Active

Date Added:

April 3, 2026

Data Last Updated:

April 17, 2026 at 7:06AM

Listing Office:

Compass :

Listing Agent:

Tony Zizzo : 650-770-8356

MLS ID:

ML82041534

Interior

• Appliances: Refrigerator
• Flooring: Hardwood
• A/C: Other
• Heating: Other
• Disability Feature: Other

Construction

• Roofing: Shingle

Location

• County: Alameda

Lot

• Zoning: RM-20220306017

Utilities

• Sewer: Private Sewer