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Listed by David Howarth • The Pinza Group, Inc
$2,495,000
Est. payment /mo
9,448 SqFt
Active
1777 Sausal St Oakland, CA 94602
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Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 9,448 sqft
Price per Sqft $264
MLS Listing ID 41104545
HOA Y/N No
Year Built 1965
Lot Size 0.347 Acres
Property Sub-Type Apt Complex
Source Bridge AOR
Property Description
www.1777Sausal.com; 10-unit apartment complex up in the Oakland hills next to the Dimond district with strong current income and excellent rental upside. The current cap rate is 7.08% and the current GRM is 9.41. The unit mix is ideal and offers nine 2bd/1bth units and one 1bd/1bth unit spread across two 5-unit buildings. The properties were built in 1965, offer approximately 9,448 square feet of rental space and a combined lot size of 15,100 square feet with 10 off-street parking spaces. The property has been extensively remodeled and offers updated kitchens and bathrooms, new paint, double pane windows, hardwood floors, custom lighting, and a new roof installed in 2025. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment. Currently there is one vacant unit making this perfect for an owner-occupant or an investor looking to lease at a top market rate. This is a perfect opportunity for an investor to acquire a property in a high demand neighborhood with excellent long-term potential.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Tile, Wood, Other
Fireplace No
Building
Lot Description Other
Water Private

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