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Listed by Alina Siert • KW Advisors, DRE#01893238
$11,501,000
Est. payment /mo
30,012 SqFt
Open House
Sat Oct 17, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 30,012 sqft
Price per Sqft $383
MLS Listing ID ML82064270
Year Built 1947
Lot Size 0.790 Acres
Property Sub-Type Five or More Units
Property Description
Offered with 1757 26th Ave as a same-block pair at $18,496,000 (100 units), or with all four buildings of the 181-unit Fruitvale Portfolio at $33,486,000; not sold individually. Casa Magna, 2555-2567 Foothill Boulevard: 61 apartments in two three-story buildings on a 0.79-acre parcel, renovated in 2014 down to the studs and foundation: 21 studios, 17 one-bedrooms and 23 two-bedrooms in about 30,012 SF. Gated entry, security cameras, 45 parking spaces including covered carports, and a large on-site laundry room. Separately metered gas and electric. City of Oakland soft-story exemption granted in 2022. Pro forma market rents run about 10% above in-place rents. About 0.7 mi from Fruitvale BART and Fruitvale Village. West Block pair: 7.54% current / 7.03% pro forma cap. All four: 7.69% current / 7.61% pro forma cap. Motivated ownership: all offers reviewed; Q4 2026 close preferred.
Location
State CA
County Alameda
Zoning RM-4
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 025-0734-030
Security Features Other
Special Listing Condition Not Applicable
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