Sold

16424 Foothill Blvd

San Leandro CA, 94578

$6,875,000


$319.38 per sqft

Sold

21,526 sqft

Commercial

Built in 1968

Foothill Terrace is a 25-unit apartment community located in San Leandro, CA. Situated on a 1.19 AC parcel, the property was built in 1988, and has +-21,526 net rentable square feet. The well-maintained property, consisting of four separate buildings is only minutes from Downtown San Leandro. Located only 4.9 miles from the main San Leandro BART station, and 1.6 miles from the Bay Fair station. Owned and managed by the same family since its completion in the late 80's, Foothill Terrace is offered to investors for only the second time. The desirable unit mix of all two bedroom/two bath units, includes a true master bedroom with on-suite bathroom and walk-in closet. Two units include washer/dryers. Significant exterior work completed, incl. new siding, roofs, paint, balcony replace/repair. Significant opportunity to add significant value by renovating units in original condition and completing partially renovated units. Over $119k in rent upside.

40943451

MLS ID

March 31, 2021

Listed

February 15, 2024

Updated

Map

16424 Foothill Blvd
San Leandro CA, 94578

Interior Features

Interior Features

Storage


Appliances

Dishwasher, Disposal, Built-In Range, Refrigerator


Laundry Description

Coin Operated, Common Area, Washer/Dryer Stacked Incl


Floor Description

Laminate, Linoleum, Vinyl, Carpet, Engineered Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

1.19 Acres


Lot Features

Sloped Up


Roof

Composition Shingles


Sewer

Public Sewer

Other Property Details

Area Name

San Leandro


Garage

No


Parking

Carports - 2 Or More, Covered, Space Per Unit - 2


View

Yes


View Description

Bay, San Francisco, Bridges


County

Alameda


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listed by Richard Martini with Colliers International
Listing Contact: 925-279-4614 

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