Property Detail

Description

Offered with 1757 26th Ave as a same-block pair at $18,496,000 (100 units), or with all four buildings of the 181-unit Fruitvale Portfolio at $33,486,000; not sold individually. Casa Magna, 2555-2567 Foothill Boulevard: 61 apartments in two three-story buildings on a 0.79-acre parcel, renovated in 2014 down to the studs and foundation: 21 studios, 17 one-bedrooms and 23 two-bedrooms in about 30,012 SF. Gated entry, security cameras, 45 parking spaces including covered carports, and a large on-site laundry room. Separately metered gas and electric. City of Oakland soft-story exemption granted in 2022. Pro forma market rents run about 10% above in-place rents. About 0.7 mi from Fruitvale BART and Fruitvale Village. West Block pair: 7.54% current / 7.03% pro forma cap. All four: 7.69% current / 7.61% pro forma cap. Motivated ownership: all offers reviewed; Q4 2026 close preferred.