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1946 Foothill Blvd 18 Unit Apartment Building $2,795,000 ($155,278/Unit) 6.73% Cap Rate Oakland, CA 94606
INVESTMENT HIGHLIGHTS
- Good Unit Mix with 1 and 2 bedroom Units
- Opportunity to Raise rents with Banked rents
- Fully rented with upside in rent
- Off street parking to attract tenants
EXECUTIVE SUMMARY
Located in the heart of Oakland, 1946 Foothill Blvd offers a rare opportunity to own a fully occupied 18-unit apartment building with strong in-place income. The unit mix consists of spacious 1-bedroom and 2-bedroom units, appealing to a wide tenant base. The property features off-street parking, providing convenience and added value for residents. This well-maintained asset presents investors with immediate cash flow and long-term upside potential in a high-demand rental market. With stable occupancy, separate utility meters, and proximity to transit, shopping, and dining, this is an ideal acquisition for both seasoned investors and 1031 exchange buyers looking for dependable returns in a growth-oriented neighborhood
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $155,278 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 6.73% | Building Size | 11,316 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.14 | No. Stories | 3 |
| No. Units | 18 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.59/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $2,795,000 |
| Price Per Unit | $155,278 |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.14 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 11,316 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 1.59/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 750 |
| 2+1 | 4 | - | 950 |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 020-0198-013-01 | Improvements Assessment | $1,251,743 (2025) |
| Land Assessment | $417,310 (2025) | Total Assessment | $1,669,053 (2025) |
PROPERTY TAXES
Parcel Number
020-0198-013-01
Land Assessment
$417,310 (2025)
Improvements Assessment
$1,251,743 (2025)
Total Assessment
$1,669,053 (2025)
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1946 Foothill Blvd
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