1627 Foothill Blvd

Oakland, CA 94606

$1,050,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1912

calendar_month Built

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.

Listing Information

List Price $1,050,000
Status Active
MLS 41085549
HOA $0
Type Residential Income
Year Built 1912
Lot Size 7,000
Structure Size N/A
DOM 7
Courtesy Of Keller Williams VIP Properties
Listing Agent Graham King DRE#02082934

Interior Features

Total Bedroom
Bedrooms N/A

Maps

home_work Nearby Properties

Listing information courtesy of: Graham King, Keller Williams VIP Properties 510-746-8240. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 19th, 2025 at 1:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.