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San Antonio Neighborhood | 7.94 GRM 1905 Foothill Blvd 13 Unit Apartment Building $1,725,000 ($132,692/Unit) 6.93% Cap Rate Oakland, CA 94606

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Investment Highlights

13-unit apartment community consisting of twelve (12) studio units and one (1) large 3-bedroom, 1-bath unit
Offered at $132,692 per unit, generating an attractive 6.93% in- place cap rate
Prime corner location at Foothill Boulevard and 19th Avenue in Oakland's San Antonio neighborhood

Classic Spanish/Mediterranean architecture with strong curb appeal, decorative parapets, large windows, and four (4) garage spaces
Value-add opportunity through the continued mark-to-market of below-market rents
Access to major employment centers, BART, and freeways, with close proximity to Lake Merritt, Downtown Oakland, shopping, dining, and amenities

Executive Summary

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.

Property Facts

Price	$1,725,000	Apartment Style	Low-Rise
Price Per Unit	$132,692	Building Class	C
Sale Type	Investment	Lot Size	0.08 AC
Cap Rate	6.93%	Building Size	6,318 SF
Sale Conditions	1031 Exchange Build to Suit Bulk/Portfolio Sale	Average Occupancy	100%
Gross Rent Multiplier	7.94	No. Stories	2
No. Units	13	Year Built	1932
Property Type	Multifamily	Parking Ratio	0.63/1,000 SF
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,725,000
Price Per Unit	$132,692
Sale Type	Investment
Cap Rate	6.93%
Sale Conditions	1031 Exchange Build to Suit Bulk/Portfolio Sale
Gross Rent Multiplier	7.94
No. Units	13
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.08 AC
Building Size	6,318 SF
Average Occupancy	100%
No. Stories	2
Year Built	1932
Parking Ratio	0.63/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.