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.

Property Features

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