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 9:06AM
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.
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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.
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Property Analytics
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,132
Businesses Nearby
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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
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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 - 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
