$7,700,000
$8,350,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
0.44 Acres Lot
SOLD DATE : 02/25/2025
Key Details
Sold Price $7,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41076507
Sold Date 02/25/25
HOA Y/N No
Year Built 1967
Lot Size 0.443 Acres
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
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Composition
Total Parking Spaces 34
Others
Tax ID 10817311
Financing Cash
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Bought with Timothy Warren • NAI Northern California
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "