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Reservoir Hills Condo for Sale

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    $2,495,000

    • 9,448 Sq Ft

    1777 Sausal St, Oakland, CA 94602

    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

    David Howarth The Pinza Group, Inc

    1777 Sausal St, Oakland, CA 94602

Why Live in Reservoir Hills

Reservoir Hills in Oakland is a vibrant neighborhood just four miles from downtown, attracting families, young professionals, and empty nesters. The area is conveniently located between the 880 and 580 freeways, making commuting straightforward. Residents enjoy a strong sense of community, often seen socializing or running errands at local retailers like Farmer Joe’s Marketplace, Safeway, and CVS. Dining options include La Perla for Puerto Rican cuisine and Mohka House for organic Yemeni coffee. The neighborhood features primarily 1920s bungalows with Mediterranean and Tudor-style architecture, many of which have been renovated with modern interiors and well-maintained exteriors. Despite smaller lot sizes, homes are surrounded by lush landscaping and garden patios. Parks such as the Central Reservoir Recreational Area and William Wood Park provide ample green space, while the nearby Manzanita Recreation Center offers various activities for children. The Oakland Library’s Dimond branch hosts community events like book clubs and teen gaming. Commuting is facilitated by the AC Transit bus line and the BART train's Fruitvale station, with easy access to Interstate 580. Local schools include Glenview Elementary, Edna Brewer Middle, and Oakland High, which have moderate ratings.

Home Trends in Reservoir Hills, CA

Housing Trends

Median Sale Price
$530,000
Median Single Family Sale Price
$469,000
Average Price Per Sq Ft
$267
Number of Homes for Sale
2
Last 12 months Home Sales
4
Months of Supply
6.00
Median List Price
$400,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
63%
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