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Significant Upgrades | $139,500 Per Unit 1844-1846 Foothill Blvd 6,248 SF Retail Building Oakland, CA 94606 $1,395,000 ($223.27/SF) 6.54% Cap Rate
Investment Highlights
- 10-unit multifamily asset featuring seven (7) residential apartments and three (3) renovated live/work units
- Strong in-place cash flow offering attractive day-one returns with additional long-term upside
- Convenient access to Downtown Oakland, Lake Merritt, Fruitvale and Lake Merritt BART, with quick connectivity to I-580, I-880, and Highway 13
- Improvements include fully renovated live/work units, seismic enhancements, and electrical and plumbing upgrades
- Prominent corner location on Foothill Boulevard with excellent visibility and a classic Mediterranean architectural design
- Located in Oakland's San Antonio neighborhood, benefiting from a diverse tenant base, nearby employment centers, and strong residential demand
Executive Summary
The Mitchell Warren Team is pleased to present 1846 Foothill Blvd, a well-maintained 10-unit multifamily asset consisting of seven residential apartments and three ground-floor live/work units. The unit mix includes three (3) large live/work units, one (1) one-bedroom/one- bathroom unit, and six (6) studio units. The property has been extensively upgraded, including fully renovated live/work units, seismic enhancements, and electrical and plumbing improvements. With its classic Mediterranean architecture, prominent corner location, and strong day-one returns, 1846 Foothill Blvd represents a compelling opportunity to acquire a stable multifamily asset in one of Oakland's primary commercial corridors. 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.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,248 SF
Building Class
C
Year Built
1925
Price
$1,395,000
Price Per SF
$223.27
Cap Rate
6.54%
NOI
$91,215
Tenancy
Single
Building Height
2 Stories
Building FAR
1.39
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C30, Oakland
Parking
3 Spaces (0.32 Spaces per 1,000 SF Leased)
Amenities
- Signalized Intersection
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 020-0197-011-00 | Improvements Assessment | $928,036 |
| Land Assessment | $90,855 | Total Assessment | $1,018,891 |
Property Taxes
Parcel Number
020-0197-011-00
Land Assessment
$90,855
Improvements Assessment
$928,036
Total Assessment
$1,018,891
Contacts
-
Timothy Warren -
Adam Beeri -
Kent Mitchell -
Randell Silva -
NAI Northern California
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