175 Santa Rosa Ave Active

Oakland,CA 94610

$ 8350000

- Bed

0 Bath

34767 SqFt


Key Details

Property Type Commercial

Sub Type Lowrise (1-3 Flrs)

Listing Status Active

Purchase Type For Sale

Square Footage 34,767 sqft

Price per Sqft $240

MLS Listing ID 41076507

Year Built 1967

Lot Size 0.443 Acres

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 Listing

Interior

Heating Electric,Wall Furnace

Cooling None

Flooring Carpet,Vinyl

Exterior

Utilities Available All Public Utilities,Individual Electric Meter,Individual Gas Meter

Building

Lot Description Regular

Sewer Public Sewer

Water Public

New Construction No

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