1777-1781 Sausal St - Apartments FOR SALE


Oakland, CA 94602- Reservoir Hill
$2,495,000 USD
510-822-1331
1777-1781 Sausal St, Oakland, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/38
null | 7.08% Cap Rate

1777-1781 Sausal St
Oakland, CA 94602
Reservoir Hill


HIGHLIGHTS

  • 10-unit Apartment Complex Featuring Two Five Unit Buildings with Nine 2bd/1bth Units and One 1bd/bth Unit
  • Popular Dimond District Location with Strong Current Income and Excellent Rental Upside
  • Remodeled Units, Off-Street Parking, Double Pane Windows, Coin-Op Laundry, and New Roof in 2025
  • Easy to Manage Property, Separately Metered For PG&E, with Low Annual Operating Expenses
  • Nearly 100% Occupied with No Deferred Maintenance

OVERVIEW

10-unit apartment complex spread across two five-unit buildings featuring nine 2bd/1bth units and one 1bd/1bth unit with strong current income and excellent rental upside. The properties were built in 1965, offer approximately 9,450 square feet of rental space and a combined lot size of 15,100 square feet with 10 off-street parking spaces in the rear. 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 high demand Oakland hills location next to the Dimond District and near the popular Redwood Day K-8 School. The neighborhood is family focused with many single-family homes making this popular choice for tenants. *****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

10

PRICE/UNIT

$249,500

CAP RATE

7.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakland Hills Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,098 SF

ZONING

RM-3

APN/PARCEL ID

026-0803-009-00,026-0803-010-00

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.