1627 Foothill Boulevard

Oakland CA 94606

5037 sq. ft.

7000 sq. ft.

Other

Currently for sale - view listing

Overview

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.

Features

5037 sq. ft. floor area

7000 sq. ft. lot size

Other

Happy sellers in Oakland

We have insufficient information to provide an overview of customer satisfaction for Oakland. Viewing the agent profiles, reviews and sales for Oakland can provide insights for this location.