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Listed by Graham King • Keller Williams VIP Properties
$975,000
Est. payment /mo
5,037 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
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
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033