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.
Property Details
Price:
$1,050,000
MLS #:
41085549
Status:
Active
Baths:
0
Address:
1627 Foothill Blvd
Type:
Residential Income
Subdivision:
SAN ANTONIO
City:
Oakland
Listed Date:
Feb 12, 2025
State:
CA
ZIP:
94606
Lot Size:
7,000 sqft / 0.16 acres (approx)
Year Built:
1912
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Interior
Heating
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Exterior
Lot Features
Level with Street
Parking Spots
9.00
Roof
Shingle
Financial
Association Fee
0.00
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Gas
Map
Community
- Address1627 Foothill Blvd Oakland CA
- SubdivisionSAN ANTONIO
- CityOakland
- CountyAlameda
- Zip Code94606
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1627 Foothill Blvd
Oakland, CA
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