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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.
Last Updated | 10/16/2024 | Year Built | 1967 |
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County | Alameda |
Additional Details
AIR | None |
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AIR CONDITIONING | Yes |
APPLIANCES | Gas Water Heater |
CONSTRUCTION | Stucco |
HEAT | Electric, Wall Furnace |
HOA DUES | 0 |
LOT | 0.44 acre(s) |
Location
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