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Listed by: Joseph Owens (925) 808-9098 DRE #01707768 | Marcus & Millichap (510) 379-1200
$2,250,000
Monthly Est:$11,199
-- Bed
-- Bath
--sqft
16298 Foothill Blvd, Castro Valley, CA 94578
$2,250,000
$11,199/moEst:
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Multi Family
Built in 1978
$-- HOA
20,363 sqft lot
--/sqft
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.
- Houzeo last checked: 0 minutes ago
- Listing updated: September 2, 2026 at 11:45 pm
- Source: California Regional MLS-CA | MLS#: 41143340
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1978
HOA Fees
-
Finished Area
- sqft
Lot Size
20,363 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
41143340
MLS Status
Pending
Days on Market
97
Cumulative Days on Market
33
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Appliances
Gas Water Heater
Cooling
None
Heating
Forced Air
Construction
Year Built
Year Built: 1978
Home type
Multi Family
Roof
Shingle
Construction Materials
Stucco, Wood Siding
Other Features
Tenant Pays
Gas
Lot Features
Cul De Sac
Subdivision Name
Fairmont Terrace
Price History
| Date | Event | Price |
|---|---|---|
09/01/2026 Source: | Pending | $2,250,000 $0/sqft |
07/29/2026 Source: | Listed for Sale | $2,250,000 $0/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 09:45PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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