175 Santa Rosa Ave
Oakland, CA 94610
0.44 acres | #41076507
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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Original List Price$8,350,000
- MLS #41076507
- MLS #41076507
- CountyAlameda
- Cost8350000
- Acres0.4431
- Year Built1967
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Timothy Warren (#BMLS-R02008347)
Listing Office: NAI Northern California (#BMLS-OBOJMTB)
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