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.
Property Details
Price:
$8,350,000
MLS #:
41076507
Status:
Active
Baths:
0
Address:
175 Santa Rosa Ave
Type:
Residential Income
City:
Oakland
Listed Date:
Oct 16, 2024
State:
CA
ZIP:
94610
Lot Size:
19,300 sqft / 0.44 acres (approx)
Year Built:
1967
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Schools
Interior
Appliances
Gas Water Heater
Cooling
None
Heating
Electric, Wall Furnace
Exterior
Parking Spots
34.00
Roof
Composition
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address175 Santa Rosa Ave Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94610
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Courtesy of NAI Northern California. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
175 Santa Rosa Ave
Oakland, CA
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