UNDER CONTRACT - Three Blocks from Piedmont 175 Santa Rosa Ave

The Mitchell Warren Team is pleased to present 175 Santa Rosa Avenue, 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.
175 Santa Rosa Avenue is located in the beautiful Grand Lake Neighborhood of Oakland between Grand Avenue and Piedmont Avenue. Residents bene?t from a range of choices, from Michelin- starred restaurant Commis to the historic Piedmont Theatre, as well as a variety of other restaurants and shopping options. Commuters will appreciate the close proximity of city bus lines and the MacArthur BART Station, which allow access to the entire Bay Area. Additionally, the property is a short walk to Kaiser Permanente (Oakland's largest employer) and only 1 mile from Sutter Health Alta Bates Medical Center (Oakland's second-largest employer).