1905 Foothill Blvd - Apartments FOR SALE


Oakland, CA 94606- San Antonio
$1,725,000 USD
707-363-2463
1905 Foothill Blvd, Oakland, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/21
null | 6.93% Cap Rate

1905 Foothill Blvd
Oakland, CA 94606
San Antonio


HIGHLIGHTS

  • 13-unit apartment community consisting of twelve (12) studio units and one (1) large 3-bedroom, 1-bath unit
  • Classic Spanish/Mediterranean architecture with strong curb appeal, decorative parapets, large windows, and four (4) garage spaces
  • Offered at $132,692 per unit, generating an attractive 6.93% in- place cap rate
  • Value-add opportunity through the continued mark-to-market of below-market rents
  • Prime corner location at Foothill Boulevard and 19th Avenue in Oakland's San Antonio neighborhood
  • Access to major employment centers, BART, and freeways, with close proximity to Lake Merritt, Downtown Oakland, shopping, dining, and amenities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

13

PRICE/UNIT

$132,692

CAP RATE

6.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Antonio Neighborhood | 7.94 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1932

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,498 SF

ZONING

-

APN/PARCEL ID

020-0163-001-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.