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

Vinson Trac

vinson.trac@lptrealty.com +1(415) 846-8456

Listed by Joseph Owens, DRE #01707768 • Marcus & Millichap

$ 2,250,000

Est. payment | -/mo

2 Beds

1 Bath

10,000 SqFt

Save

$ 2,250,000

Est. payment | -/mo

Save

2 Beds

1 Bath

10,000 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $225

MLS Listing ID EB41143340

Bedrooms 2

Year Built 1978

Lot Size 0.467 Acres

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

16294-16298 Foothill Boulevard is an 8-unit, 100% occupied multifamily asset in Castro Valley priced at $281,250 per unit ($303/SF). In-place rents average $1,914 per month against $2,495 market rent, a 30.4% upside on turnover. The deal trades at a 5.18% in-place cap rate (12.25x GRM), with a 7.53% pro forma cap rate (9.39x GRM) once rents reach market. The unit mix is uniform: eight 928-square-foot two-bedroom, one-bath residences, each with full-size washer/dryer hookups. Built in 1979, the property sits on 0.47 acres with 10,000 SF of gross building area and 18 surface parking spaces - 2.25 per unit. The property is positioned in Alameda County's East Bay submarket with direct access to Interstate 580 and proximity to Interstate 238 and Interstate 880, connecting to San Leandro, Oakland, Hayward, and the broader Bay Area. Castro Valley BART is a 6-minute drive, putting San Francisco roughly an hour away by transit. Lake Chabot Regional Park, Eden Medical Center, San Leandro Hospital, and Target are all nearby.

Location

State CA

County Alameda

Area Castro Valley

Interior

Heating Forced Air

Cooling None

Flooring Vinyl, Carpet - Wall to Wall

Laundry Laundry Area - In Unit, Hookup - Washer/Dryer

Exterior

Exterior Feature Stucco, Wood Frame

Parking Features Parking Area

Garage Spaces 18.0

Roof Type Composition

Building

Lot Description Regular

Water Heater - Gas

Others

Tax ID 80A-189-2-6

Special Listing Condition New, Not Applicable

GET MORE INFORMATION

Vinson Trac

Broker-Associate | Lic# DRE# 01835996

vinson.trac@lptrealty.com

+1(415) 846-8456

10620 Treena St., Ste.230, San Diego, CA, 92131

16298 Foothill Blvd Castro Valley, CA 94578

Vinson Trac

Key Details

Location

Interior

Exterior

Building

Others

16298 Foothill Blvd