
1946 Foot Hill Blvd
Multifamily | 18 Units | $194,444/unit
Marketing description
1946 Foothill Blvd is a well maintained three story building located in the San Antonio submarket of Oakland, CA. Ideally located on a corner lot, the property boasts a unit mix of four two bedroom and one bathroom units and fourteen one bedroom and one bathroom units.
1946 Foothill is positioned for significant rental upside through turnover, renting of additional storage units, and or capital expenditures. This will allow both local and foreign investors the opportunity to acquire an investment in a popular market with strong growth potential. In addition the seismic retrofit has been completed
1946 Foothill is located between the Lake Merritt and Fruitvale submarket of Oakland. With quick connections to major highway arteries (I-580 and I-880, Highway 24) and public transportation (AC Transit, Fruitvale BART and Lake Merritt BART), Major transit-oriented developments in Oakland, including Fruitvale Transit Village, MacArthur BART Transit Village, West Oakland BART (Mandela Station), will significantly change the dynamics of Oakland once it’s fully complete. The property’s central Oakland location offers tenants access to restaurants, shopping, recreation, schools and entertainment to nearby cities and submarkets such as Alameda, Lake Merritt, Chinatown and Brooklyn Basin.
1946 Foothill Blvd. is a unique investment opportunity for an investor to acquire a well-located asset with abundant amenities, attractive unit mix, future upside, and current solid cash flow.
Investment highlights
- Mix of (14) 1-Bedroom and (4) 2-Bedroom Units
- Seismic Retrofit Complete
- Close proximity to Lake Merritt and Fruitvale districts
- Located between Lake Merritt and Fruitvale BART stations
- Separately metered for gas and electricity
- Well maintained by the current owner
- Parking spots onsite
- Potential rent increases through additional storage rental, capital improvements and turnover
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