28
See all 28 photos
$1,050,000
Est. payment /mo
5,037 SqFt
Active
1627 Foothill Blvd Oakland, CA 94606
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UPDATED:
02/19/2025 10:10 AM
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,037 sqft
Price per Sqft $208
MLS Listing ID MR41085549
Originating Board Bridge MLS
Year Built 1912
Lot Size 7,000 Sqft
Property Sub-Type Five 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
Area Other Area
Zoning RM-2
Interior
Cooling Ceiling Fan
Flooring Other
Exterior
Exterior Feature Lap, Stucco
Parking Features Parking Area
Garage Spaces 9.0
Roof Type Composition
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 20-166-4
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Listed by Graham King • Keller Williams VIP Properties