Mixed-Use Corner
For Sale
$889,000
3700 Foothill Blvd, Oakland, CA 94601
Corner mixed-use building with two street-level commercial units and two upstairs residential apartments, all fully occupied.
Property Size3,564 SF
Price / SF$249.44
Days on Market310
Property Features for 3700 Foothill Blvd
General Information
Standard status
Active
Size
3,564 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
Real Estate Ebroker Inc
(510) 409-6855
Listed By:
Son Luu · License #01711002
(510) 409-6855
Source:
Exitrealty
Added: Oct 5, 2025
Changed: Aug 8
Last Checked: Aug 10 at 5:29AM
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 Real Estate Ebroker Inc
Investment Insights
Based on property information with market context.
3700 Foothill Blvd is a well-maintained mixed-use, four-unit property configured as two ground-floor commercial storefronts with two residential apartments upstairs. The building is described as a corner structure with street-facing presence along Foothill Blvd, and all four units are currently fully occupied and generating income.
The commercial level is positioned for street visibility on a corner location, supporting businesses that benefit from regular passing activity. The property is also noted as being close to Fruitvale BART Station and within minutes of I-580 and I-880, which can be relevant for commuter convenience.
For tenants or buyers seeking an owner-occupied or investment-focused setup, the layout provides separate commercial and residential rental streams under one roof. The two residential apartments are described as bright and functional while remaining tenant-occupied. The combination of street-level retail space and upstairs housing can fit a range of operators looking to manage a small, mixed-use asset with multiple income-producing units.
The commercial level is positioned for street visibility on a corner location, supporting businesses that benefit from regular passing activity. The property is also noted as being close to Fruitvale BART Station and within minutes of I-580 and I-880, which can be relevant for commuter convenience.
For tenants or buyers seeking an owner-occupied or investment-focused setup, the layout provides separate commercial and residential rental streams under one roof. The two residential apartments are described as bright and functional while remaining tenant-occupied. The combination of street-level retail space and upstairs housing can fit a range of operators looking to manage a small, mixed-use asset with multiple income-producing units.
Key Highlights
- 1930‑built mixed‑use property with 4 total units: 2 ground‑floor commercial and 2 upstairs residential apartments
- All 4 units are fully occupied and generating steady rental income
- Corner building with two street‑level commercial units on Foothill Blvd with consistent foot and vehicle traffic
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
$81,739
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
9.19%
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%
$1,634,780
$1.6M
Cap Rate 7%
$1,167,700
$1.2M
Cap Rate 9%
$908,211
$908.2K
Market Conditions
NOI Build-Up for 3,564 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
$121.9K $34.20/SF
− Vacancy
−$5.1K −$1.44/SF
EGI
$116.8K $32.76/SF
− OpEx
−$35.0K −$9.83/SF
NOI
$81.7K $22.93/SF
Area
ZIP 94601
Vacancy
4.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,634,780
Cap Rate 7%
$1,167,700
Cap Rate 9%
$908,211
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,739 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$1.08M
$948.6K – $1.26M
NOI $75,884 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,691 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
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?
Mixed-use property - Corner mixed-use building with two street-level commercial units and two upstairs residential apartments, all fully occupied.
Where is this mixed-use property located?
The property is located at 3700 Foothill Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: 1930‑built mixed‑use property with 4 total units: 2 ground‑floor commercial and 2 upstairs residential apartments; All 4 units are fully occupied and generating steady rental income; Corner building with two street‑level commercial units on Foothill Blvd with consistent foot and vehicle traffic
