16298 Foothill Blvd, Castro Valley, CA 94578
16298 Foothill Blvd, Castro Valley, CA 94578
16298 Foothill Blvd, Castro Valley, CA 94578
16298 Foothill Blvd, Castro Valley, CA 94578
16298 Foothill Blvd, Castro Valley, CA 94578
16298 Foothill Blvd, Castro Valley, CA 94578
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Kenneth Jamaca

Kenneth Jamaca

+1(925) 413-1849
$ 2,250,000
Est. payment | /mo

10,000 SqFt

Save
$ 2,250,000
Est. payment | /mo
Save

10,000 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $225

Subdivision Fairmont Terrace

MLS Listing ID 41143340

HOA Y/N No

Year Built 1978

Lot Size 0.467 Acres

Acres 0.47

Property Sub-Type Multi Family

Property 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.

Location

State CA

County Alameda

Rooms

Basement None

Interior

Heating Forced Air

Cooling None

Flooring Carpet, Vinyl

Fireplace No

Appliance Gas Water Heater

Laundry In Unit, Washer/Dryer Hookups

Exterior

Exterior Feature Greenbelt

Utilities Available Master Electric Meter, Master Gas Meter

Building

Lot Description Cul-De-Sac, Rectangular Lot

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 80A18926

Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Joseph Owens • Marcus & Millichap

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Kenneth Jamaca
Kenneth Jamaca

Managing Broker | REALTOR | License ID: 02080040

+1(925) 413-1849 | kenneth@jcastlegroup.com

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16298 Foothill Blvd