2624 Foothill Boulevard, Oakland, CA 94601

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 / 8.32% pro forma cap. All four: 7.69% current / 7.61% pro forma cap. Motivated ownership: all offers reviewed; Q4 2026 close preferred.