2555-2567 Foothill Blvd | Oakland, CA 94601
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- LoopNet Team
2555-2567 Foothill Blvd
Oakland, CA 94601
7% CAP, 31% Upside in the Rents, NEW 2014! · Multifamily Property For Sale
·
61 Units
INVESTMENT HIGHLIGHTS
- Brand new Apartment complex 2014 gutted to the studs. Foundation to the roof is new!
- Existing Cash on Cash Return 6% Market Cash on Cash Return 20%
- 31% Upside in the Rents
- Existing Cap 7%, Market Cap 11.4%
- Existing Gross Rent Multiplier 9.7 Market Gross Rent Multiplier 6.9
- No deferred maintenance - Easy Management
PROPERTY FACTS
| No. Units | 61 | Building Size | 54,507 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1947 |
| Building Class | B | Parking Ratio | 0.83/1,000 SF |
| Lot Size | 0.79 AC | ||
| Zoning | C-30/R-50, Oakland | ||
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.79 AC |
| Building Size | 54,507 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1947 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | C-30/R-50, Oakland |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Sprinkler System
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Security System
- Gated
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 21 | - | 500 |
| 1+1 | 19 | - | 650 |
| 2+1 | 21 | - | 750 |
PROPERTY TAXES
| Parcel Number | 025-0734-030-00 | Improvements Assessment | $2,328,744 |
| Land Assessment | $885,440 | Total Assessment | $3,228,275 |
PROPERTY TAXES
Parcel Number
025-0734-030-00
Land Assessment
$885,440
Improvements Assessment
$2,328,744
Total Assessment
$3,228,275
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