1627 Foothill Blvd
Oakland, CA 94606
Active for $1,050,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 7,000 sqft
| MLS | 41085664 |
| Year Built | 1912 |
| Property Type | |
| County | Alameda |
| Status | Active |
| Active | $1,050,000 |
| Structure Size | N/A sqft |
| Lot Size | 7,000 sqft |
| Beds | N/A |
| Baths |
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 courtesy of: Graham King, Keller Williams VIP Properties 510-746-8240. *Based on information from the Association of REALTORS/Multiple Listing as of 02/21/2025 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.
Location
Contact a Local Realtor®
Felix Martinez Jr.
REALTOR®
Direct: 8182723389
Email: Email Me
DRE: 02202437
DRE #01873088
.png){kind=small}