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HUGE Cash Flow | Significant Improvements 3518-3530 Foothill Blvd 23 Unit Apartment Building $4,195,000 ($182,391/Unit) 9.13% Cap Rate Oakland, CA 94601
Investment Highlights
- Twenty-Eight (28) Unit Mixed-Use Property: Five (5) Retail Spaces and Twenty-Three (23) Residential Units
- Extensive CapEx: Seismic, Roof, Electrical Subpanels, Plumbing, Boiler, Sewer, Fire Alarm, Intercom, Security Cameras, and LED Lighting
- Strong Mixed-Use Corridor: High-Visibility Foothill Boulevard Location Near Fruitvale BART
- Diverse Unit Mix: Fifteen (15) Studios, Six (6) One-Bedroom/One-Bath Units, and Two (2) Two-Bedroom/One-Bath Units
- Tenant Amenities: On-Site Laundromat, Secured Access, Thoughtfully Renovated Common Areas
- Excellent Access: Interstate 580, Interstate 880, Downtown Oakland, and Major Employment Centers
Executive Summary
The Mitchell Warren Team is pleased to present 3518–3530 Foothill Boulevard, a twenty-eight (28)-unit mixed-use property in Oakland’s Fruitvale neighborhood. Built in 1935, the approximately 20,969-square-foot property features five (5) ground-floor retail spaces and twenty-three (23) residential units, providing a diversified income stream. The property has benefited from extensive capital improvements, including a new intercom system, security camera system, seismic upgrades, newer roof and boiler, water heater replacement, sewer lateral replacement, electrical upgrades, fire alarm system, baseboard heat conversion, plumbing upgrades, and LED lighting throughout the common areas. Additional amenities include an on-site laundromat, further enhancing tenant convenience and long-term asset value. With its diversified unit mix, significant recent improvements, and strong in-place income, the property presents a compelling mixed-use investment opportunity in one of Oakland’s established rental corridors.
The property is located in Oakland’s Fruitvale neighborhood along the highly traveled Foothill Boulevard corridor, offering exceptional visibility and convenient access for both residential and commercial tenants. The property is just minutes from Fruitvale BART, Interstate 580, Interstate 880, and International Boulevard, providing seamless connectivity throughout Oakland and the greater Bay Area. Residents and businesses benefit from close proximity to neighborhood shopping, restaurants, schools, parks, and everyday amenities, while Downtown Oakland, Jack London Square, and major employment centers are only a short drive away. With strong transportation access, a vibrant commercial corridor, and continued demand for both retail and residential space, 3518–3530 Foothill Boulevard is well positioned in one of Oakland’s most established mixed-use submarkets.
The property is located in Oakland’s Fruitvale neighborhood along the highly traveled Foothill Boulevard corridor, offering exceptional visibility and convenient access for both residential and commercial tenants. The property is just minutes from Fruitvale BART, Interstate 580, Interstate 880, and International Boulevard, providing seamless connectivity throughout Oakland and the greater Bay Area. Residents and businesses benefit from close proximity to neighborhood shopping, restaurants, schools, parks, and everyday amenities, while Downtown Oakland, Jack London Square, and major employment centers are only a short drive away. With strong transportation access, a vibrant commercial corridor, and continued demand for both retail and residential space, 3518–3530 Foothill Boulevard is well positioned in one of Oakland’s most established mixed-use submarkets.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Kitchen
- Hardwood Floors
- Refrigerator
- Carpet
- Breakfast Nook
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | $1,476 | 450 - 500 |
| 1+1 | 6 | $1,585 | 600 - 650 |
| 2+1 | 2 | $2,100 | 750 - 800 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 032-2116-011-02 | Improvements Assessment | $2,244,324 |
| Land Assessment | $462,618 | Total Assessment | $2,706,942 |
Property Taxes
Parcel Number
032-2116-011-02
Land Assessment
$462,618
Improvements Assessment
$2,244,324
Total Assessment
$2,706,942
Contacts
-
Timothy Warren -
Randell Silva -
Kent Mitchell -
Adam Beeri -
NAI Northern California
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