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Listed by NAI Northern California
$ 1,725,000
Est. payment /mo
Pending
1905 Foothill Blvd Oakland, CA 94606
6,631 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 6,631 sqft
Price per Sqft $260
Subdivision San Antonio
MLS Listing ID 41143837
HOA Y/N No
Year Built 1932
Lot Size 3,500 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
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
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Vinyl
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Corner Lot
Water Public