40-Unit Apartment
For Sale
$6,995,000
Foothill, Oakland, CA 94601
ResidentialIncome, Oakland, CA
Property Size29,423 SF
Lot Size0.26 Acres
Price / SF$237.74
Days on Market12
Property Features for Foothill
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-50
Elementary school
OaklandUnified
High school
OaklandUnified
Elementary school district
OaklandUnified
High school district
OaklandUnified
Subdivision
OaklandZipCode94601
Standard status
Active
APN
026-0738-002
Size
29,423 SF
Lot size
0.26 Acres
Amenities
Key fob entry
individually metered gas and electric
on-site laundry room
Building Details
Year built
1925
Listing Agency:
KW Advisors · Keller Williams Realty
(650) 627-3700
Listed By:
Alina Siert · License #01893238
(408) 712-7692
Added: Oct 10
Changed: Oct 21
Last Checked: Oct 21 at 8:06AM
MLS# ML82064272
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Kensington Manor contains 40 apartments, including a penthouse, in a three-story building over a basement. The unit mix comprises 18 studios, 19 one-bedroom apartments, and 3 two-bedroom apartments, spanning 29,423 square feet on a 0.26-acre parcel. Most apartments have undergone substantial renovation. Residents have key fob access, individually metered gas and electric service, and an on-site laundry room. Oakland approved a soft-story exemption for the property in 2025.
The building is approximately 0.7 miles from Fruitvale BART and Fruitvale Village. It is offered only as part of a larger transaction: with 1900 26th Ave, the same-block offering totals 81 units, or it may be included in a four-building portfolio totaling 181 units.
The building is approximately 0.7 miles from Fruitvale BART and Fruitvale Village. It is offered only as part of a larger transaction: with 1900 26th Ave, the same-block offering totals 81 units, or it may be included in a four-building portfolio totaling 181 units.
Key Highlights
- 40 apartments: 18 studios, 19 one‑bedrooms, and 3 two‑bedrooms
- 29,423 square feet on a 0.26‑acre lot
- Most units substantially renovated; key fob entry and on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$626,472
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,529,440
$12.5M
Cap Rate 7%
$8,949,600
$8.9M
Cap Rate 9%
$6,960,800
$7.0M
Market Conditions
NOI Build-Up for 29,423 SF
Gross rent
$1.18M $40.20/SF
− Vacancy
−$43.8K −$1.49/SF
EGI
$1.14M $38.71/SF
− OpEx
−$512.6K −$17.42/SF
NOI
$626.5K $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 Rate 5%
$12,529,440
Cap Rate 7%
$8,949,600
Cap Rate 9%
$6,960,800
Alternative Uses
Best Use
Apartment 5plus
$8.95M
$7.83M – $10.44M
NOI $626,472 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.99M
$10.49M – $13.99M
NOI $839,519 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,132
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A three-story apartment property offers renovated residences, secure entry, individually metered utilities, and on-site laundry.
Where is this apartment building located?
The property is located at Foothill Oakland, CA.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: 40 apartments: 18 studios, 19 one‑bedrooms, and 3 two‑bedrooms; 29,423 square feet on a 0.26‑acre lot; Most units substantially renovated; key fob entry and on‑site laundry
