The Mitchell Warren Team is pleased to present 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.
Situated along Foothill Boulevard in Oakland's San Antonio neighborhood, the property benefits from convenient access to many of the East Bay's major employment centers. Residents enjoy close proximity to Lake Merritt, Downtown Oakland, Jack London Square, and numerous neighborhood restaurants, shops, and everyday conveniences. Commuters benefit from quick access to Interstate 580, Interstate 880, Highway 13, and nearby Fruitvale and Lake Merritt BART stations, providing easy connectivity throughout the Bay Area. The combination of excellent transportation access, nearby amenities, and a diverse surrounding residential base continues to support strong demand for both residential and commercial space in the area.