330 Athol Ave 6 Unit Apartment Building $1,387,528 CAD ($231,255 CAD/Unit) 3.97% 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 six units totaling approximately 3,550 square feet situated on a 0.09-acre lot. The unit mix includes four one junior-bedroom/one bathroom units, one one-bedroom/one-bathroom unit, and one two-bedroom/one-bathroom unit. This diverse configuration allows an investor to capture demand across multiple renter profiles, from entry-level tenants seeking affordability to those desiring larger living spaces. The two-bedroom unit is further enhanced by a private deck, offering an attractive amenity that can command premium rents and increase tenant retention.
All units are currently occupied, providing immediate, stable in-place cash flow for a new owner. The strong studio concentration supports consistent occupancy and operational efficiency, while the inclusion of larger 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 320–322 Athol Avenue and 326–328 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.
Supported by strong rental fundamentals, a highly desirable location, and a versatile unit mix, 330 Athol Avenue represents an attractive opportunity for investors seeking a combination of stability, upside, and long-term growth in one of Oakland’s most established residential neighborhoods.