175 Santa Rosa Ave, Oakland, CA 94610

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Listed by Timothy Warren, (510) 336-4719 from NAI Northern California
(If provided) CoList: from

Sold listing courtesy of Timothy Warren from OBOJMTB

Sold Price
$7,700,000
List Price
$8,350,000
Closing Date
Feb 25, 2025
MLS#
EB41076507
Status
SOLD
Lot Size
19,300
Listing Area
Oakland Zip Code 94610
Year Built
1967

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.

Additional Information

Acres
0.44
Age
57
Amenities
Balcony/Patio
Cooling System
None
Days On Market
Unknown
Exterior Features
Stucco
Floor Covering
Vinyl, Carpet - Wall to Wall
Garage Parking
Gate / Door Opener, Spaces per Unit - 1, Underground Parking
Heating System
Wall Furnace, Electric
Lot Description
Regular
Lot Size
19,300
Neighborhood
Oakland Zip Code 94610
Numberof Units
33
Roof
Rolled Composition
Sewer
Sewer - Public
Unincorporated Yn
Yes

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