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    Updated Quadplex with Private Backyard Title is generated by Realmo AI

    2816 Foothill Blvd, Oakland, CA 94601

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    For Sale
    $649,000

    MULTI_FAMILY - Oakland, CA

    Lot size:
    0.08 Acres
    Added:
    Oct 6, 2025
    Days on Market:
    244
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 2816 Foothill Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Exterior features
    Back Yard, Garden/Play
    Fencing
    Fenced
    Fireplace
    1
    Standard status
    Active
    APN
    2674018
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wall Furnace
    Water source
    Public

    Building Details

    Year built
    1925
    Flooring type
    Vinyl, Laminate, Linoleum
    Building materials
    Siding - Stucco

    We can help!

    Listing Contact
    Michael Hughey

    Listing agent Michael Hughey License #01099878

    Listing office RE/MAX Accord 505 14th Street Ste. 900, Danville, CA

    Listing date Oct 6, 2025

    MLS# 41113935 Listing URL

    Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4‑unit property in the Fruitvale area with stable tenants
    • All 4 units recently updated with new flooring and recently painted interiors
    • Property includes a fenced, lush backyard area with garden/play space
    • Year built 1925 with stucco and siding exterior and vinyl/laminate/linoleum flooring
    • Fireplace on‑site and wall furnace heating
    • Public water and public sewer; on‑street parking

    Overview

    This for-sale quadplex offers four residential units presented with recent interior improvements. The property has been described as well kept, with new flooring and newly painted interiors across all units, along with many other upgrades and interior work completed throughout. Interiors are reported as very clean and updated, supporting a straightforward operation whether you’re investing or considering living in one unit. A shared backyard area is highlighted as green and lush, providing privacy and an outdoor setting.

    The building is positioned in the Fruitvale area of Oakland, close to shops, restaurants, and transportation. Public remarks specifically note proximity to the BART station and a walkable surrounding environment, including a reported Walk Score of 89 and Bike Score of 77.

    For tenants, the combination of updated interiors and a private-feeling outdoor backyard can improve day-to-day comfort and presentation. For buyers, the property’s described “stable tenants” and consistent unit updates across all four homes may simplify near-term turnover planning. The location’s access to shopping and transit may also support ongoing rental appeal for a wide range of households.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.225085
    Latitude
    37.784558

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    FAQs

    What type of property is this?
    Quadplex - Four recently updated units with a private, green backyard near transit and neighborhood shopping.
    Where is this quadplex located?
    The property is located at 2816 Foothill Blvd Oakland, CA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: 4‑unit property in the Fruitvale area with stable tenants; All 4 units recently updated with new flooring and recently painted interiors; Property includes a fenced, lush backyard area with garden/play space
    (510) 915-3235
    We can help!
    Listing Contact
    Michael Hughey
    Real Estate License ID: 01099878
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2816 Foothill Blvd, Oakland, CA 94601
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