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$8,350,000
Est. payment /mo
34,767 SqFt
UPDATED:
10/23/2024 08:26 AM
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
HOA Y/N No
Year Built 1967
Lot Size 0.443 Acres
Acres 0.44
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
Rooms
Basement None
Interior
Heating Electric, Wall Furnace
Cooling None
Flooring Carpet, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available All Public Utilities, Individual Electric Meter, Individual Gas Meter
Building
Lot Description Regular
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 10817311
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Listed by Timothy Warren • NAI Northern California
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