Oakland, CA 94610,175 Santa Rosa Ave
Listed by Timothy Warren • NAI Northern California
Bought with Timothy Warren • NAI Northern California

$7,700,000

Est. payment /mo

$8,350,000

7.8%
Est.Price: ?

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175 Santa Rosa Ave Oakland, CA 94610

34,767 SqFt

SOLD DATE : 02/25/2025

Key Details

Sold Price $7,700,000

Property Type Commercial

Sub Type Lowrise (1-3 Flrs)

Listing Status Sold

Purchase Type For Sale

Square Footage 34,767 sqft

Price per Sqft $221

MLS Listing ID 41076507

Sold Date 02/25/25

HOA Y/N No

Originating Board Bridge AOR

Year Built 1967

Lot Size 0.443 Acres

Property Sub-Type Lowrise (1-3 Flrs)

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

Interior

Heating Electric, Wall Furnace

Cooling None

Flooring Vinyl, Carpet

Fireplace No

Appliance Gas Water Heater

Building

Lot Description Regular

Water Public

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Bay East AOR and Contra Costa AOR
agent

Taso Tsakos

Managing Partner, Global Real Estate Advisor | License ID: 01157444

+1(925) 785-5419

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