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2555 Foothill Blvd — Oakland | Belmont Brokerage | Belmont Brokerage

Active

$11,501,000

7 DOM

— bd— ba— sqft

Call

2555 Foothill Blvd Oakland, CA 94601

34,300sqft lot

This very nostalgic 61-unit property is conveniently located in the Fruitvale District, situated right in the heart of Oakland’s central business district and close to Lake Merritt. Casa Magna Apartments is a gated three-story apartment complex consisting of two separate structures offering a total of 30,012 square feet of living space on a .79-acre lot. This building was substantially renovated in 2014 down to the studs and foundation. This freshly renovated expansive property is well-maintained, beautifully, and professionally landscaped. There is a large laundry room generating substantial monthly income. With 31% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. Casa Magna offers affordable living with great potential and a strong sense of community, particularly appealing to those seeking proximity to medical facilities and a diverse, established neighborhood. The mixture of units on the property has: (22) 2 bedroom / 1 bath, (21) studio units / 1 bath, (18) 1 bedroom / 1 bath. Various apartment units have a balcony or patio. There is ample covered carport parking for cars, and off-street parking. You will find multiple security features including monitoring cameras and gated entry.

MLS 41130175

510-380-8101 (Office) 408-509-0700 (Cell) peterson.infinity@gmail.com

Est. payment

$73,489/mo

Principal & interestTaxesInsurance

$58,155$11,980$3,354

Down %

Rate %

Years

Down payment: $2,300,200 · Total cost: $23,236,113

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$73,489/mo

Principal & interest: $58,155
Est. property tax: $11,980
Est. insurance: $3,354
Down payment: $2,300,200

Est. gross rent$47,921/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-25,568/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Apr 8, 2026	$11,501,000	—

Facts & Features

Structure & Property

Year Built1947

510-380-8101 (Office) 408-509-0700 (Cell) peterson.infinity@gmail.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

2555 Foothill Blvd, Oakland, CA 94601

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Call

2555 Foothill Blvd Oakland, CA 94601

About this home

Steven Peterson

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Steven Peterson

Sale & Tax History

No Recent Sales History

Location

2555 Foothill Blvd, Oakland, CA 94601

About This Property

Property Photos

Location

Listing Agent

Presented by Belmont Brokerage Inc.

2555 Foothill Blvd Oakland, CA 94601

About this home

Steven Peterson

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Steven Peterson

Sale & Tax History

No Recent Sales History

Location