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Listed by Timothy Warren • NAI Northern California
$8,350,000
Est. payment /mo
34,767 SqFt
Active
175 Santa Rosa Ave Oakland, CA 94610
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 34,767 sqft
Price per Sqft $240
MLS Listing ID EB41076507
Year Built 1967
Lot Size 0.443 Acres
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
175 Santa Rosa Avenue is a 33-unit apartment community located on a quiet tree-lined street in Oakland's Grand Lake Neighborhood. The property consists of a mix of one and two-bedroom units with a large 2,000+ square foot penthouse occupying the fourth floor. Amenities include 34 garage parking spaces, three on-site laundry rooms, and covered balconies. Capital Improvements include a new roof, fresh exterior paint, new hot water heaters, and an updated intercom system. The property offers excellent in-place cash flow with over $220,000 of annual rental upside allowing a new owner to maximize their return over time. The building is seismically exempt making this a true turn-key asset. This highly sought-after location will continue attracting premium tenants and maintain a low vacancy rate.
Location
State CA
County Alameda
Area Other Area
Interior
Heating Wall Furnace , Electric
Cooling None
Flooring Vinyl, Carpet - Wall to Wall
Exterior
Exterior Feature Stucco
Parking Features Gate / Door Opener, Spaces per Unit - 1, Underground Parking
Garage Spaces 34.0
Roof Type Rolled Composition
Building
Lot Description Regular
Sewer Sewer - Public
Water Public, Heater - Gas
Others
Tax ID 10-817-31-1
Special Listing Condition Not Applicable
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