$2,250,000
 $12,078 est/mo Sourced by Back At You

16298 Foothill Blvd,Castro Valley, CA 94578

Castro Valley, CA 94578

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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.

Details

MLS #41143340
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1978
Days On Site38
Listing Provided ByMarcus & Millichap | Joseph Owens

Features

Units8
Acreage0.47

Interior

CoolingNone
HeatingForced Air
Heating Yes / NoYes
Cooling Yes / NoYes
AppliancesGas Water Heater

Exterior

RoofShingle
Construction MaterialsStucco, Wood Siding
Lot FeaturesCul De Sac

Taxes

Property32024

Area Information

StateCA
CountyAlameda
CityCastro Valley
Zip Code94578
Community NameFAIRMONT TERRACE
Listing VS Median (in FAIRMONT TERRACE)
Price:
$2,250,000
low | high
Med:
$974,000
100% of Average
On site:
38
low | high
Med:
38
100% of Average
Sourced by Back At You

Market Activity 94578

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Contact

Learn More About This Property

Jeff Rayborn

Jeff Rayborn

Desert Lifestyle Properties

02062886 (323) 833-5529jeff@desertlifestyleproperties.com
StateCA
CountyAlameda
CityCastro Valley
Zip Code94578
Community NameFAIRMONT TERRACE
Listing VS Median (in FAIRMONT TERRACE)
Price:
$2,250,000
low | high
Med:
$974,000
100% of Average
On site:
38
low | high
Med:
38
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.687M - $2.812M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
2000 Miramar Ave Property Photo 1
$1,099,000
2000 Miramar Ave
Castro Valley, CA 94578
Listing Updated: September 2, 2026 at 3:56:10 PM PDT
Jeff Rayborn
License #: 02062886
(323) 833-5529
Desert Lifestyle Properties - 200 N Sunrise Way Ste.B.
Palm Springs, CA 92262

Jeff Rayborn - Desert Lifestyle Properties