REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Graham King, DRE #02082934 • Keller Williams VIP Properties

$ 975,000

Est. payment | -/mo

5,037 SqFt

Save

$ 975,000

Est. payment | -/mo

Save

5,037 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,037 sqft

Price per Sqft $193

MLS Listing ID MR41085549

Year Built 1912

Lot Size 7,000 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

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.

Location

State CA

County Alameda

Area Oakland Zip Code 94606

Zoning RM-2

Interior

Cooling Ceiling Fan

Flooring Other

Exterior

Exterior Feature Lap, Stucco

Parking Features Parking Area

Garage Spaces 9.0

Roof Type Composition

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public

Others

Tax ID 20-166-4

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

1627 Foothill Blvd Oakland, CA 94606