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Listed by Alina Siert • KW Advisors, DRE#01893238
$ 6,995,000
Est. payment | /mo
29,423 SqFt
$ 6,995,000
Est. payment | /mo
29,423 SqFt
Open House
Sat Oct 17, 1:30pm - 3:30pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 29,423 sqft
Price per Sqft $237
MLS Listing ID ML82064272
Year Built 1925
Lot Size 0.260 Acres
Property Sub-Type Five or More Units
Property Description
Offered with 1900 26th Ave as a same-block pair at $14,990,000 (81 units), or with all four buildings of the 181-unit Fruitvale Portfolio at $33,486,000; not sold individually. 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. East Block pair: 7.87% current / 8.25% pro forma cap. All four: 7.69% / 7.80%. Motivated ownership: all offers reviewed; Q4 2026 close preferred. Existing financing in place; contact the listing agent for details.
Location
State CA
County Alameda
Zoning R-50
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 026-0738-002
Security Features Other
Special Listing Condition Not Applicable
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