www.1777Sausal.com; 10-unit apartment complex up in the Oakland hills next to the Dimond district with strong current income and excellent rental upside. The current cap rate is 7.08% and the current GRM is 9.41. The unit mix is ideal and offers nine 2bd/1bth units and one 1bd/1bth unit spread across two 5-unit buildings. The properties were built in 1965, offer approximately 9,448 square feet of rental space and a combined lot size of 15,100 square feet with 10 off-street parking spaces. The property has been extensively remodeled and offers updated kitchens and bathrooms, new paint, double pane windows, hardwood floors, custom lighting, and a new roof installed in 2025. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment. Currently there is one vacant unit making this perfect for an owner-occupant or an investor looking to lease at a top market rate. This is a perfect opportunity for an investor to acquire a property in a high demand neighborhood with excellent long-term potential.
Property Details
Price:
$2,495,000
MLS #:
41104545
Status:
Active
Baths:
0
Address:
1777 Sausal St
Type:
Residential Income
Subtype:
Apartment
City:
Oakland
Listed Date:
Jul 11, 2025
State:
CA
ZIP:
94602
Lot Size:
15,100 sqft / 0.35 acres (approx)
Year Built:
1965
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Schools
Interior
Cooling
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Heating
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Exterior
Parking Spots
10.00
Water Source
Private
Financial
Association Fee
0.00
Map
Community
- Address1777 Sausal St Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94602
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1777 Sausal St
Oakland, CA
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