Comm Ri Multi-units 5+ For Sale
21,526 Sqft - 16424 Foothill Blvd, SAN LEANDRO, California 94578-2182
Property Description
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.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40943451
Price : $7,125,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 21,526 Sqft
Year Built : 1968
Lot Area : 1.19 Sqft
Features
Heating System : Electric
View : Bay, San Francisco, Bridges
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Alameda
City : SAN LEANDRO
Zipcode : 94578-2182
Street : Foothill Blvd
Street Number : 16424
Floor Number : 0
Longitude : W123° 53' 36.2''
Latitude : N37° 42' 0.4''
MLS Addon
Office Name : Colliers International
Building Type : Apt Complex
Area : San Leandro
Address : 16424 Foothill Blvd
Cross Street : MIramar Ave
Directions to Property : 580 to Foothill Blvd
LA1User Code : 183504786BE
LA1Agent First Name : Richard
LA1Agent Last Name : Martini
Status Category : Sold
Tot # Parking Spaces : 50
Tot # of Units : 25
List $/SqFt : $331
Age : 53
Apx Lot Sq Ft : 52,000 Sqft
Type of Building : Apt Complex
Annual Taxes : $96,699
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio, Other, Extra Storage
ALL UNITS HAVE : Dishwasher, Refrigerator, Oven Range Built-in, Disposal
EQUIPMENT ADDITIONAL : Individual Electric Meter, Solar
EXTERIOR : Wood Siding
FLOORING : Linoleum, Vinyl, Carpet, Laminate, Engineered Wood
LOT DESCRIPTION : Up Slope
ON-SITE PARKING DESC : Carports - 2 Or More, Covered Parking, Space Per Unit - 2
OPERATING EXPENSES : Electric, Insurance, Maintenance/repair, Management, Other, Property Tax/assessments, Trash Removal, Utilities, Vacancy Factor, Water, Miscellaneous/other
SEPARATE METERS : Electric
TENANT PAYS : Cable Tv, Electric
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated, Common Room, Washer/dryer Stacked Incl
Census Tract : 4305
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : 1st D/t
Other Loans (Y/N) : No
1st Loan Balance : $17,496
2nd Loan Balance : $583,212
Tot Other Loans : $7,000
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner, Property Manager
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $7,125,000
Sold Price : $6,875,000
Previous Price : $7,125,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 582668
Annual Gross Sched Inc : 582668
Net Oper Income : 344941
Annual Mgmt Exp : 26245
Annual License Exp : 0
Annual Util Exp : 65409
Other Ann Exp : 25687
Tot Ann Oper Exp : 237726
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 6190
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 00490878
ZIDX Only Street Name : Foothill Blvd
Buyer Agent DRE Num. : 01505297
Co List Agent DRE Num. : 01505297
List Agent DRE Num. : 01505297
LA1Agent License ID : 01505297
LA1NRDS_ID : 183504786
SA1Agent First Name : Richard
SA1Agent Last Name : Martini
SA1Agent License ID : 01505297
SA1User Code : 183504786BE
SA1NRDS_ID : 183504786
Annual Vacancy : 17496
Gross Income : 25352
Listing Broker DRE Numbe : 00490878
Sale/Original $ : 96
Annual Exp Yr : 2020
Sale $/SqFt : 319
1st - Yrs Remaining : 0
Sale/Last List $ : 96
Interest Rate : 0
Board ID : BAY EAST
Showing : By appointment. Call listing agent details.
SO1Office Abbreviation : SITN05
SO1Office Name : Colliers International
LO1Main Office ID : 83657
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 83657
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 6875000
Address Search Number : 16424
Listing Agent : 303080
Listing Office : 83657
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 303080
Buying Office 1 : 83657
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 16
Input Date : 31/03/2021 14:38:25
Update Date : 13/08/2021 23:08:09
PhotoTimestamp : 13/08/2021 23:08:09
First Photo Add Timestamp : 31/03/2021 14:38:28
List Date : 31/03/2021
Expire Date :
Pending Date : 02/05/2021
Closing Date : 06/08/2021
Status Date : 13/08/2021
Price Date : 13/08/2021
Off Market Date : 02/05/2021
Status : Sold
Dual Variable : Yes
City Transfer Tax : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 31/03/2021
DOMLS : 32
Cumulative DOMLS : 32
Unit # 1 # of Bathrooms: 2
Unit # 1 # of Bedrooms: 2
Unit # 1 Air Cond.: Yes
Unit # 1 Approx. SqFt: 850
Unit # 1 Parking Spaces: 2
Unit # 1 Range Oven: Yes
Unit # 1 Refrigerator: Yes
Unit 1 # Units This Type?: 25
