Building Details

Year Built 1917

Listing Agency: KELLER WILLIAMS TRI VALLEY REALTY Show Phone

Listed By: NOLAN JONES · License #01509417 Show Phone

Source: Corcoran

Added: Jan 15 Changed: Oct 16 Last Checked: Oct 19 at 6:45AM

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Investment Insights

Based on property information with market context.

The property at 5503 Foothill Blvd in Oakland presents a mixed-use investment opportunity, blending residential and commercial income potential in a highly visible corridor. Constructed in 1917, the building encompasses approximately 4,753 square feet on a 2,550-square-foot lot. The residential component includes one one-bedroom/one-bath unit and five studio units, with three studio units currently vacant. Two street-level commercial spaces are part of the building, with one anticipated to be delivered vacant, offering flexibility for a new tenant or owner-user. The property's combination of residential turnover, commercial frontage, and strategic location along Foothill Blvd provides an opportunity to reposition units and enhance long-term value.

Key Highlights

• Mixed‑use property with residential and commercial income potential.
• High‑visibility location on Foothill Blvd.
• Opportunity to reposition units and enhance long‑term value.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,242

Cap Rate

7.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,724,840 $1.7M

Cap Rate 7%

$1,232,029 $1.2M

Cap Rate 9%

$958,244 $958.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,753 SF

Gross rent

$165.4K $34.80/SF

− Vacancy

−$8.6K −$1.81/SF

EGI

$156.8K $32.99/SF

− OpEx

−$70.6K −$14.85/SF

NOI

$86.2K $18.14/SF

Area

ZIP 94605

Vacancy

5.20%

Lease Rate

$34.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,724,840

Cap Rate 7%

$1,232,029

Cap Rate 9%

$958,244

Alternative Uses

Best Use

Apartment 5plus

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,242 @ 7.0% cap · market cap 7.84%

Second Best

Mixed Use

$937.0K

$819.9K – $1.09M (±1% cap)

NOI $65,591 @ 7.0% cap · market cap 5.96%

Theoretical Best

Multifamily LT 5

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,210 @ 7.0% cap · market cap 8.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Deborah's Hair Affair Hair Salon

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Parking Lot & Garage Skin Care Clinic Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

843

Businesses Nearby

Explore this area Business Placement

Demographics for 94605, CA

44,294

Population

17,686

Households

2.5

Avg Household Size

39

Median Age

43%

College-Educated

87%

High-School Grad

8.8 sq mi

ZIP Area

5,033

Density / Sq Mi

$101,043

Median Household Income

$62,590

Median Earnings

$1,867

Median Rent

$840,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with residential and commercial income potential.

Where is this mixed-use property located?

The property is located at 5503 Foothill Blvd Oakland, CA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Mixed‑use property with residential and commercial income potential.; High‑visibility location on Foothill Blvd.; Opportunity to reposition units and enhance long‑term value.