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Listed by Graham King • Keller Williams VIP Properties
$ 1,050,000
Est. payment /mo
Active
1627 Foothill Blvd Oakland, CA 94606
5,037 SqFt
UPDATED:
02/19/2025 03:42 PM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,037 sqft
Price per Sqft $208
Subdivision San Antonio
MLS Listing ID 41085549
HOA Y/N No
Originating Board Bridge AOR
Year Built 1912
Lot Size 7,000 Sqft
Property Sub-Type 5 or More Units
Property Description
1627 Foothill Blvd offers a rare opportunity to reposition a distressed 7-unit investment property with significant upside. Three buildings on one parcel: a fourplex (all 1-bed units, two delivered vacant and one ready to rent immediately), a duplex (3-bed/2-bath downstairs, 2-bed/1-bath upstairs), and a gutted single-family home ready for a 3-bed/2-bath remodel. The SFH also has potential for an 8th unit by doing an ADU conversion at the basement level (2-bed/1-bath). Large central parking area plus additional parking in the back accessible via Gleason Way. Property needs extensive work, but with a pro forma 7.12% CAP rate and 8.4 GRM, the numbers work. Three units delivered vacant allowing immediate renovations and lease-up at market rents. San Antonio is one of Oakland's most active rental markets, with strong demand from working-class tenants and proximity to BART, transbay bus lines, retail, and job centers including San Francisco, the Port of Oakland, and Silicon Valley.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Ceiling Fan(s)
Flooring Other
Fireplace No
Appliance Tankless Water Heater
Building
Lot Description Level
Water Public
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