4-Unit Mixed-Use
New
For Sale
$879,000
3700 Foothill Blvd, Oakland, CA 94601
Residential Income, Oakland, CA
Property Size3,564 SF
Lot Size0.05 Acres
Price / SF$246.63
Days on Market2
Property Features for 3700 Foothill Blvd
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Exterior features
Low Maintenance
Fencing
Fenced
Subdivision
Foothill
Lot features
Corner Lot
Directions
580, 35TH AVE, FOOTHILL BLVD.
Standard status
Active
APN
32208615
Size
3,564 SF
Lot size
0.05 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1930
Number of units
4
Flooring type
Laminate, Tile
Building materials
Composition Shingles, Stucco
Roof type
Composition
Listing Agency:
Real Estate Ebroker Inc
(760) 722-3222
Listed By:
Son Luu · License #01711002
(510) 409-6855
Added: Sep 6
Changed: Sep 7
Last Checked: Sep 7 at 7:06PM
MLS# 41147341
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1930 mixed-use building contains four units arranged across two commercial spaces at street level and two residential apartments above. The property is fully occupied, with laminate and tile flooring, stucco and composition-shingle construction, natural-gas heating, and a fenced site. Public water and sewer serve the building, while parking is available on the street.
The corner location at 3700 Foothill Blvd in Oakland places the commercial spaces along a corridor described as carrying consistent pedestrian and vehicle activity. Fruitvale BART Station, I-580, I-880, schools, shops, and local businesses are identified nearby. The parcel measures 0.0525 acres, and the building contains 3,564 square feet.
The corner location at 3700 Foothill Blvd in Oakland places the commercial spaces along a corridor described as carrying consistent pedestrian and vehicle activity. Fruitvale BART Station, I-580, I-880, schools, shops, and local businesses are identified nearby. The parcel measures 0.0525 acres, and the building contains 3,564 square feet.
Key Highlights
- Four total units: two commercial and two residential
- 3,564‑square‑foot mixed‑use building on a 0.0525‑acre parcel
- Fully occupied property with commercial spaces at ground level and apartments upstairs
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
$75,884
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
8.63%
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%
$1,517,680
$1.5M
Cap Rate 7%
$1,084,057
$1.1M
Cap Rate 9%
$843,156
$843.2K
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
$143.3K $40.20/SF
− Vacancy
−$5.3K −$1.49/SF
EGI
$138.0K $38.71/SF
− OpEx
−$62.1K −$17.42/SF
NOI
$75.9K $21.29/SF
Area
ZIP 94601
Vacancy
3.70%
Lease Rate
$40.20 /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%
$1,517,680
Cap Rate 7%
$1,084,057
Cap Rate 9%
$843,156
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,739 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$1.08M
$948.6K – $1.26M
NOI $75,884 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,691 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
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 building with occupied commercial and residential spaces along Foothill Blvd.
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 $879,000.
What are key features of this property?
This property features: Four total units: two commercial and two residential; 3,564‑square‑foot mixed‑use building on a 0.0525‑acre parcel; Fully occupied property with commercial spaces at ground level and apartments upstairs
