25-Unit Apartment
For Sale
$8,395,000
16424 Foothill Boulevard, San Leandro, CA 94578
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 Market62
Property Features for 16424 Foothill Boulevard
General Information
Standard status
Active
Size
21,526 SF
Lot size
1.19 Acres
Property subtype
General Commercial
Additional Details
Multifamily Units
25
Building Details
Year Built
1988
Tenancy
Multi
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 31 at 3:30AM
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 authorities.
Property Analytics
Current Use
Lease Details
25
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 94578, CA
40,957
Population
14,819
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
4.6 sq mi
ZIP Area
8,904
Density / Sq Mi
$89,149
Median Household Income
$47,672
Median Earnings
$2,077
Median Rent
$793,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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
