16298 Foothill Blvd, Castro Valley, CA 94578
- $2,250,000
- List Price
- $2,250,000
- Status
- ACTIVE
- MLS#
- 41143340
- Year Built
- 1978
- Lot Size
- 20,363
- Acres
- 0.47
- Lot Location
- Cul-De-Sac
- Days on Market
- 0
- Property Type
- Multifamily
- Neighborhood
- Fairmont Terrace
Property Description
16294–16298 Foothill Boulevard is an 8-unit, 100% occupied multifamily asset in Castro Valley priced at $281,250 per unit ($303/SF). In-place rents average $1,914 per month against $2,495 market rent, a 30.4% upside on turnover. The deal trades at a 5.18% in-place cap rate (12.25x GRM), with a 7.53% pro forma cap rate (9.39x GRM) once rents reach market. The unit mix is uniform: eight 928-square-foot two-bedroom, one-bath residences, each with full-size washer/dryer hookups. Built in 1979, the property sits on 0.47 acres with 10,000 SF of gross building area and 18 surface parking spaces — 2.25 per unit. The property is positioned in Alameda County's East Bay submarket with direct access to Interstate 580 and proximity to Interstate 238 and Interstate 880, connecting to San Leandro, Oakland, Hayward, and the broader Bay Area. Castro Valley BART is a 6-minute drive, putting San Francisco roughly an hour away by transit. Lake Chabot Regional Park, Eden Medical Center, San Leandro Hospital, and Target are all nearby.
Additional Information
- Taxes
- $32,024
- Appliances
- Gas Water Heater
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- None
- Exterior Construction
- Stucco, Wood Siding
- Roof
- Shingle
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $183,720
Listing courtesy of Listing Agent: Joseph Owens (joe.owens@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.