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1627 Foothill Blvd offers a rare opportunity to reposition a distressed 7-unit investment property with significant upside. Three buildings on one parcel: a fourplex (all 1-bed units, two delivered vacant and one ready to rent immediately), a duplex (3-bed/2-bath downstairs, 2-bed/1-bath upstairs), and a gutted single-family home ready for a 3-bed/2-bath remodel. The SFH also has potential for an 8th unit by doing an ADU conversion at the basement level (2-bed/1-bath). Large central parking area plus additional parking in the back accessible via Gleason Way. Property needs extensive work, but with a pro forma 7.12% CAP rate and 8.4 GRM, the numbers work. Three units delivered vacant allowing immediate renovations and lease-up at market rents. San Antonio is one of Oakland’s most active rental markets, with strong demand from working-class tenants and proximity to BART, transbay bus lines, retail, and job centers including San Francisco, the Port of Oakland, and Silicon Valley.
Property Type(s):
Residential Income
| Last Updated | 2/12/2025 | Tract | SAN ANTONIO |
|---|---|---|---|
| Year Built | 1912 | County | Alameda |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| CONSTRUCTION | Stucco |
| HEAT | See Remarks |
| HOA DUES | 0 |
| LOT | 7000 sq ft |
| LOT DESCRIPTION | Street Level |
| SUBDIVISION | SAN ANTONIO |
| ZONING | RM-2 |
Location
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