16298 Foothill Blvd, Castro Valley, CA 94578

Castro Valley
Local realty services provided by:ERA North Orange County Real Estate
16298 Foothill Blvd,Castro Valley, CA 94578
$2,250,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: joseph owens
Office: marcus & millichap510-379-1200
MLS#:41143340
Source:CRMLS

Price summary

  • Price:$2,250,000

About this home

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...

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Home facts

  • Year built:1978
  • Subdivision & Development:FAIRMONT TERRACE
  • Listing ID #:41143340
  • Added:91 day(s) ago
  • Updated:October 30, 2026 at 08:30 AM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1978
  • Lot area:0.47 Acres
  • Lot Features:Cul De Sac
  • Construction Materials:Stucco, Wood Siding

Finances and disclosures

  • Price:$2,250,000
  • Tax amount:$32,024

Features and amenities

  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:18
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