16298 Foothill Blvd, Castro Valley, CA 94578
16298 Foothill Blvd, Castro Valley, CA 94578
16298 Foothill Blvd, Castro Valley, CA 94578
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,250,000
Est. payment /mo
0.47 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Fairmont Terrace

MLS Listing ID 41143340

HOA Y/N No

Year Built 1978

Annual Tax Amount $32,024

Lot Size 0.467 Acres

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.

Location

State CA

County Alameda

Interior

Heating Forced Air

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Roof Type Shingle

Total Parking Spaces 18

Building

Lot Description Cul-De-Sac

Others

Tax ID 80A18926

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Listed by Joseph Owens Marcus & Millichap #01707768

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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