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$8,350,000

Est. payment - /mo

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34,767 SqFt

Active

175 Santa Rosa Ave Oakland, CA 94610

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

10/23/2024 11:36 AM

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

Originating Board Bridge MLS

Year Built 1967

Lot Size 0.443 Acres

Property Sub-Type Five or More Units

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

Listed by Timothy Warren • NAI Northern California

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA