$7,700,000
$8,350,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
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
Year Built 1967
Lot Size 0.443 Acres
Acres 0.44
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
Rooms
Basement None
Interior
Heating Electric, Wall Furnace
Cooling None
Flooring Vinyl, Carpet
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available All Public Utilities, Individual Electric Meter, Individual Gas Meter
Building
Lot Description Regular
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 10817311
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with TimothyWarren
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