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Active
1627 Foothill Blvd Oakland, CA 94606
7,000 Sqft Lot
UPDATED:
02/19/2025 01:36 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41085664
HOA Y/N No
Year Built 1912
Lot Size 7,000 Sqft
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
Zoning RM-2
Interior
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 10
Building
Lot Description Back Yard, Street Level
Sewer Public Sewer
Others
Tax ID 201664
Listed by Graham King • Keller Williams VIP Properties