25-Unit Apartment
16424 Foothill Blvd Castro Valley, CA 94578
16424 Foothill Blvd, Castro Valley, CA, 94578
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For Sale
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Built in 1988, this 25-unit apartment property features two-bedroom floor plans within a single multifamily building.
Property Size21,526 SF
Lot Size1.19 Acres
Price / SF$389.99
Days on Market50
Property Features for 16424 Foothill Blvd
General Information
- Standard status
- Active
- Size
- 21,526 SF
- Lot size
- 1.19 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1988
Listing agency
Marcus & Millichap - Palo Alto
(650) 391-1700
Listed by
Robert Johnston · License #01853816
Source
Crexi
Added: Jun 2 Updated: Jul 21 at 2:24PM Checked: Jul 21 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
Foothill Terrace is a 25-unit apartment community originally constructed in 1988. The property provides residents with 100% two-bedroom floor plans, housed within a gross building area of approximately 21,526 square feet.
Located at 16424 Foothill Blvd in Castro Valley, the community is described as having convenient access to major East Bay employment markets and Bay Area bridges, supporting commuter travel. The offering notes proximity to shopping, dining, and entertainment options within minutes.
As an income-producing multifamily asset, Foothill Terrace is positioned for investors seeking a stabilized rental profile, with the remarks citing strong local employment fundamentals and low vacancy levels.
Located at 16424 Foothill Blvd in Castro Valley, the community is described as having convenient access to major East Bay employment markets and Bay Area bridges, supporting commuter travel. The offering notes proximity to shopping, dining, and entertainment options within minutes.
As an income-producing multifamily asset, Foothill Terrace is positioned for investors seeking a stabilized rental profile, with the remarks citing strong local employment fundamentals and low vacancy levels.
Key Highlights
- 25‑unit apartment community built in 1988 within a single multifamily building
- Approximately 21,526 sq ft gross building area on a 1.19‑acre parcel
- 100% of units are two‑bedroom floor plans
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $601.9k | $27.96 |
| − Vacancy | −$34.9k | −$1.62 |
| EGI | $567.0k | $26.34 |
| − OpEx | −$255.1k | −$11.85 |
| NOI | $311.8k | $14.49 |
21,526 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.45M
$3.90M – $5.20M
NOI $311,827 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$98.14M
$85.87M – $114.49M
NOI $6,869,517 @ 7.0% cap · market cap 81.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 1988, this 25-unit apartment property features two-bedroom floor plans within a single multifamily building.
Where is this apartment building located?
The property is located at 16424 Foothill Blvd Castro Valley, CA.
What is the asking price?
The asking price for this property is $8,395,000.
What are key features of this property?
This property features: 25‑unit apartment community built in 1988 within a single multifamily building; Approximately 21,526 sq ft gross building area on a 1.19‑acre parcel; 100% of units are two‑bedroom floor plans
