1627-1633 Foothill Blvd is a 7-unit investment property with 3 units delivered VACANT! The property features three buildings on one parcel: a fourplex (all 1-bed units, two units delivered vacant), a duplex (3-bed/2-bath downstairs, 2-bed/1-bath upstairs), and a single-family home (3-bed/2-bath delivered vacant). The SFH also has potential for an 8th unit by doing an ADU conversion at the basement level (2-bed/1-bath). It is highly recommended for buyers to look into doing an SB-9 lot split, creating two parcels that would then qualify for conventional financing! The property also has a new main panel at the fourplex, large central parking area, and additional parking in the back accessible via Gleason Way. With a pro forma CAP rate of 7.54% rate and 8.0 GRM, the numbers work! 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:
$975,000
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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Schools
Interior
Heating
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Exterior
Lot Features
Level with Street
Parking Spots
9.00
Roof
Shingle
Financial
Association Fee
0.00
Tenant Pays
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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