Updated Multifamily
For Sale
$768,000
2136 Foothill Boulevard, Oakland, CA 94606
Updated home configured as multiple living units with a gated driveway and off-street parking.
Property Size2,338 SF
Days on Market16
Property Features for 2136 Foothill Boulevard
General Information
Standard status
Active
Size
2,338 SF
Property subtype
Triplex
Building Details
Building Size
2,338 SF
Year Built
1910
Listing Agency:
Grand Realty Group
Listed By:
Alice Mou · License #02127244
(415) 200-4999
Source:
Coastandcore
Added: Aug 24
Changed: Sep 6
Last Checked: Sep 7 at 7:34AM
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 Grand Realty Group
Investment Insights
Based on property information with market context.
Built in 1910, this 2,338-square-foot Oakland property is a four-bedroom, three-bath home arranged with multiple living areas. Recent updates include modern flooring, recessed lighting, neutral interior finishes, refreshed bathrooms, and a remodeled kitchen with new cabinetry, countertops, backsplash, stainless steel appliances, and a gas range.
Vinyl and linoleum flooring support straightforward maintenance throughout the residence. The property also includes a gated driveway, ample off-street parking, and a low-maintenance exterior. Its location is 2136 Foothill Boulevard in Oakland, California.
Vinyl and linoleum flooring support straightforward maintenance throughout the residence. The property also includes a gated driveway, ample off-street parking, and a low-maintenance exterior. Its location is 2136 Foothill Boulevard in Oakland, California.
Key Highlights
- 2,338‑square‑foot multifamily property in Oakland
- Four bedrooms and three bathrooms
- Multiple living areas within the home
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,934
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$918,680
$918.7K
Cap Rate 7%
$656,200
$656.2K
Cap Rate 9%
$510,378
$510.4K
Market Conditions
NOI Build-Up for 2,338 SF
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.
Gross rent
$88.4K $37.80/SF
− Vacancy
−$4.9K −$2.08/SF
EGI
$83.5K $35.72/SF
− OpEx
−$37.6K −$16.07/SF
NOI
$45.9K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$918,680
Cap Rate 7%
$656,200
Cap Rate 9%
$510,378
Alternative Uses
Best Use
Apartment 5plus
$656.2K
$574.2K – $765.6K
NOI $45,934 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$931.9K – $1.24M
NOI $74,553 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,756
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
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?
Multifamily property - Updated home configured as multiple living units with a gated driveway and off-street parking.
Where is this multifamily property located?
The property is located at 2136 Foothill Boulevard Oakland, CA.
What is the asking price?
The asking price for this property is $768,000.
What are key features of this property?
This property features: 2,338‑square‑foot multifamily property in Oakland; Four bedrooms and three bathrooms; Multiple living areas within the home
