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Property profile & analytics
FOR SALE
Apartment buildings
2624 Foothill Blvd Oakland, CA 94601
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-8351024
For Sale
1 / 9
$6,995,000
2624 Foothill Blvd, Oakland, CA 94601
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Construction
WOOD
Total area
29,423 SF
Lot
0.26 ac (11,400 SF)
APN
26-738-2
UPID
US09-8351024
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
California Affordable Housing Housing Authority
-
Rey&t building cleaning service General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.71M
Owner & transaction history
Oakland Affordable Housing Group Ll · 14 yrs held
Oakland Affordable Housing Group Ll
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.8M
+15.8%
Warehouse, storage
$5.7M
+14.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,005,000
Current use
RETAIL STORES
$5,790,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,710,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$3.71M
Range $3.34M – $4.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$126 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,740
Tax year 2023
Assessed value
$2,354,992
Assessed 2024
Previous assessed
$2,293,736
+2.7% YoY
Effective rate
2.54%
On assessed value
Assessed land
$701,880
Assessed improvement
$1,653,112
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1928
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
38
Rooms
100
Bathrooms
38
Total area
29,423 SF
Lot
0.26 ac (11,400 SF)
APN
26-738-2
UPID
US09-8351024
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.0M
RETAIL STORES
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1928
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
38
Rooms
100
Bathrooms
38
Lot
0.26 ac
Current owner
From public records · entity-resolved
Oakland Affordable Housing Group Ll
Entity
Mailing address
7205 SPY GLASS DR, MODESTO, CA 95356-9555
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
Oakland Affordable Housing Group II
—
Deed
related
$3,910,000 · Bank Of Guam
Jul 31, 2018
—
Oakland Affordable Hsng Grp II
—
Deed
related
$3,500,000 · Bank Of Guam
Aug 23, 2011
$1,300,000
Oakland Affordable Housing Group Ll
Kensington Apartment Properties LLC
Trustees Deed
related
—
Nov 8, 2004
$2,187,000
Kensington Apartment Props LLC
Kensington Manor Apartments
Grant Deed
related
$1,391,429 · Compass Exchange Advisors LLC
Apr 21, 2003
—
Kensington Manor Apartments
—
Deed Of Trust
related
$1,495,000 · East West Bank
Dec 16, 1994
—
Kensington Manor Apartments
Wall,charles & Susan
Quit Claim Deed
related
$190,000 · Bellevue Capital Management
Jan 6, 1994
—
Manor Apts Assoc In Kensington
Kensington Manor
Quit Claim Deed
related
—
Apr 14, 1989
$56,000
Manor Kensington
Evilsizor JR,k.
Grant Deed
related
—
—
—
Manor Apartments As Kensington
—
Deed Of Trust
related
$151,913 · Coast Federal Bank
—
—
Manor Kensington
—
Deed Of Trust
related
$100,000 · Pacific National Bank
—
—
Oakland Affordale Housing Grp
—
Deed Of Trust
related
$2,000,000 · Bank Of Guam
—
—
Kensington Apartment Props LLC
—
Deed Of Trust
related
$2,250,000 · Countrywide Bank
—
—
Oakland Affordable Hsng Grp II
—
Deed Of Trust
related
$3,500,000 · Bank Of Guam
—
—
Oakland Affordable Hsng Grp II
—
Deed Of Trust
related
$3,500,000 · Bank Of Guam
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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