2624 Foothill Boulevard, Oakland, CA 94601

Property Description

Offered only as part of a four-building, 181-unit portfolio in Oakland's Fruitvale district at $33,486,000; the buildings are not sold separately. Building 4 of 4: Kensington Manor, 2624 Foothill Boulevard. 40 apartments, including a penthouse, in a three-story Marina-style building over a basement, built in 1928: 18 studios, 19 one-bedrooms and 3 two-bedrooms in about 29,423 SF on a 0.26-acre lot. Majority of units substantially renovated. Key fob entry, individually metered gas and electric, on-site laundry room. City of Oakland soft-story exemption approved in 2025. Pro forma market rents run about 12% above in-place rents. About 0.7 mi from Fruitvale BART and Fruitvale Village. The portfolio: 1757 26th Ave (39 units), 1900 26th Ave (41 units + 45 garages), 2555-2567 Foothill Blvd (61 units) and 2624 Foothill Blvd (40 units).