25-Unit Apartment
16424 Foothill Boulevard San Leandro, CA 94578
For Sale
$8,395,000
Foothill Terrace is a 25-unit apartment community on a 1.19-acre parcel, built in 1988.
Property Size21,526 SF
Lot Size1.19 Acres
Price / SF$389.99
Days on Market54
Property Features for 16424 Foothill Boulevard
General Information
- Standard status
- Active
- Size
- 21,526 SF
- Lot size
- 1.19 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1988
Listing Agency:
Marcus & Millichap
(650) 391-1700
Listed By:
Adam S. Levin · License #01462752
Source:
Xome
Added: May 31
Changed: Jul 23
Last Checked: Jul 23 at 12:38PM
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
Investment Insights
Based on property information with market context.
Foothill Terrace is an apartment community with 25 units. The property was originally constructed in 1988 and offers a gross building area of approximately 21,526 square feet. The tenant spaces are described as two-bedroom floor plans.
The property is located at 16424 Foothill Boulevard in San Leandro, CA 94578, with access described to the San Mateo–Hayward Bridge and Dumbarton Bridge for commuting purposes.
For sale as a residential income property, Foothill Terrace provides a multifamily asset with consistent unit configuration as presented in the public remarks.
The property is located at 16424 Foothill Boulevard in San Leandro, CA 94578, with access described to the San Mateo–Hayward Bridge and Dumbarton Bridge for commuting purposes.
For sale as a residential income property, Foothill Terrace provides a multifamily asset with consistent unit configuration as presented in the public remarks.
Key Highlights
- 25‑unit apartment community on a 1.19‑acre parcel
- Built in 1988 with approximately 21,526 SF gross building area
- Composition roof
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
Apartment buildings
FAQs
What type of property is this?
Apartment building - Foothill Terrace is a 25-unit apartment community on a 1.19-acre parcel, built in 1988.
Where is this apartment building located?
The property is located at 16424 Foothill Boulevard San Leandro, 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 on a 1.19‑acre parcel; Built in 1988 with approximately 21,526 SF gross building area; Composition roof
