Bought with Timothy Warren • NAI Northern California
$7,700,000
$8,350,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
175 Santa Rosa Ave Oakland, CA 94610
34,767 SqFt
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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