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2624 Foothill Blvd
Oakland, CA 94601
DESPERATE/MUST SELL - MOTIVATED SELLER · Multifamily Property For Sale
·
40 Units
Investment Highlights
- DESPERATE/MUST SELL - MOTIVATED SELLER
- Existing Cap 7 %, Market Cap 11.2 %
- Existing Gross Rent Multiplier 10 Market Gross Rent Multiplier 6.9
- 37% Upside in the Rents
- Market Cash on Cash Return 21% Existing Cash on Cash return 7%
- High growth city and area influencing great appreciation potential
Property Facts
| No. Units | 40 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 29,423 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built | 1928 |
| Zoning | R-50 | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 29,423 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R-50 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | - | 600 |
| 1+1 | 19 | - | 750 |
| 2+1 | 3 | - | 1,000 |
Property Taxes
| Parcel Number | 026-0738-002-00 | Improvements Assessment | $1,670,466 |
| Land Assessment | $715,914 | Total Assessment | $2,401,770 |
Property Taxes
Parcel Number
026-0738-002-00
Land Assessment
$715,914
Improvements Assessment
$1,670,466
Total Assessment
$2,401,770
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