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Residential Income - 1905 Foothill Blvd, Oakland, CA

$1,625,000

1905 Foothill Blvd, Oakland, CA

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Description

1905 Foothill Boulevard, a well-maintained 13-unit apartment community situated on the corner of Foothill Boulevard and 19th Avenue in Oakland's San Antonio neighborhood. Originally constructed in 1932, the approximately 6,631 SF property features a unit mix of twelve (12) studio units and one (1) large 3-bedroom, 1-bath unit and four (4) garage spaces. The property's distinctive Spanish/Mediterranean- inspired architecture, highlighted by decorative parapets and large windows, provides excellent curb appeal while maintaining the charm of a classic Oakland apartment building. The efficient studio layouts, combined with a larger owner's or family-sized unit, create a diversified income stream with additional upside through continued rent growth. Offered at $132,692 per unit, the property generates an attractive 6.93% in-place cap rate with additional upside through the continued growth of below-market rents.

Property details

Year built
1932
Property type
Residential Income
Lot size
3,500 sqft

Location

1905 Foothill Blvd • Oakland, CA 94606

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Listed by

Timothy Warren · NAI Northern California

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