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Listed by Timothy Warren, DRE #02008347 • NAI Northern California
$ 1,725,000
Est. payment | /mo
6,631 SqFt
$ 1,725,000
Est. payment | /mo
6,631 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,631 sqft
Price per Sqft $260
MLS Listing ID EB41143837
Year Built 1932
Lot Size 3,500 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
1905 Foothill Boulevard, a well-maintained 13-unit apartment community situated on the corner of Foothill Boulevard and 19th Avenue in Oakland's San Antonio neighborhood. Originally constructed in 1932, the approximately 6,631 SF property features a unit mix of twelve (12) studio units and one (1) large 3-bedroom, 1-bath unit and four (4) garage spaces. The property's distinctive Spanish/Mediterranean- inspired architecture, highlighted by decorative parapets and large windows, provides excellent curb appeal while maintaining the charm of a classic Oakland apartment building. The efficient studio layouts, combined with a larger owner's or family-sized unit, create a diversified income stream with additional upside through continued rent growth. Offered at $132,692 per unit, the property generates an attractive 6.93% in-place cap rate with additional upside through the continued growth of below-market rents.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Vinyl
Laundry Washer, Dryer
Exterior
Exterior Feature Stucco
Garage Spaces 4.0
Others
Tax ID 20-163-1
Special Listing Condition New, Not Applicable
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