Remodeled Multifamily Property in
For Sale
$1,200,000
415 Foothill Blvd, Oakland, CA 94606
Remodeled multifamily property featuring updated units and exterior.
Property Size4,598 SF
Price / SF$260.98
Days on Market202
Property Features for 415 Foothill Blvd
General Information
Standard status
Active
Size
4,598 SF
Property subtype
Commercial
Amenities
Baseboard Heating
Composition Roof
Electric Heating
Laminate Flooring
Washer/Dryer - Owned
Building Details
Year Built
1895
Listing Agency:
QUANTUM REAL ESTATE
(650) 652-9899
Listed By:
NORMAN TANG
(510) 552-0938
Source:
Corcoran
Added: Mar 31
Changed: Oct 13
Last Checked: Oct 16 at 8:39AM
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 QUANTUM REAL ESTATE
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Investment Insights
Based on property information with market context.
This multifamily property features remodeled units with mostly dual pane windows and wood floors. New refrigerators and stoves have been installed for all new tenants. The property's sidings and exterior walls were recently updated in December. The property size is 4598 square feet.
Key Highlights
- Remodeled units with wood floors.
- Dual pane windows throughout.
- New refrigerator and stove for new tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,335
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,806,700
$1.8M
Cap Rate 7%
$1,290,500
$1.3M
Cap Rate 9%
$1,003,722
$1.0M
Market Conditions
NOI Build-Up for 4,598 SF
Gross rent
$173.8K $37.80/SF
− Vacancy
−$9.6K −$2.08/SF
EGI
$164.2K $35.72/SF
− OpEx
−$73.9K −$16.07/SF
NOI
$90.3K $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 Rate 5%
$1,806,700
Cap Rate 7%
$1,290,500
Cap Rate 9%
$1,003,722
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,335 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,618 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,629
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled multifamily property featuring updated units and exterior.
Where is this apartment building located?
The property is located at 415 Foothill Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Remodeled units with wood floors.; Dual pane windows throughout.; New refrigerator and stove for new tenants.
