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$11,501,000
Est. payment /mo
0.79 Acres Lot
Open House
Sat Oct 17, 11:00am - 1:00pm
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82064270
HOA Y/N No
Year Built 1947
Annual Tax Amount $150,097
Lot Size 0.790 Acres
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
Fireplace No
Exterior
Carport Spaces 34
Utilities Available Other
Roof Type Other
Total Parking Spaces 11
Building
Water Other
Schools
School District Other
Others
Tax ID 0250734030
Special Listing Condition Standard
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Listed by Alina Siert KW Advisors #01893238
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