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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision San Antonio
MLS Listing ID 41085549
HOA Y/N No
Year Built 1912
Lot Size 7,000 Sqft
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 7.12% rate and 8.4 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
Zoning RM-2
Interior
Heating See Remarks
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 9
Building
Lot Description Street Level
Others
Tax ID 201664
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Listed by Graham King • Keller Williams VIP Properties