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.
The income description goes here to explain
List Price | $8,350,000 |
Property Type | Multi-Family |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 34 spots |
Year Built | 1967 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 10817311 |
MLS # | 41076507 |
Property ID | 320957313 |
Lot Sqft | 19,300 |
Zoning | Unknown |
Total Units | 33 |
Days on Market | 86 |
Original List Price | $8,350,000 |
Applicances | Gas Water Heater% |
Date Updated | October 23, 2024 |
Date Created | October 16, 2024 |
Financials not available online. Please inquire with your agent for more details.
Timothy Warren an agent of . Lic #02008347
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT