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$2,250,000

For Sale

16 hours ago

16298 Foothill Blvd, Castro Valley, CA

House

MLS® 41143340

0 Bed

0 Bath

--

18 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes $32,024
Days Active 1
Lot Size 0.4675 Acres
Approx. Age 1978
MLS® Number 41143340

Property Address: 16298 Foothill Blvd, Castro Valley, CA, 94578-2166

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number41143340
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1978
Basement
Driveway
Garage Spaces
HeatForced Air
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 30, 2026List Date
$2,250,000List Price
  • Commute

Commute

Starting Address
Destination Address
16298 Foothill Blvd, Castro Valley, CA

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