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Listed by Fred Rubio • Marcus & Millichap
$1,645,000
Est. payment /mo
5,242 SqFt
Open Thu 10AM-12PM
6114-6120 Foothill Boulevard Oakland, CA 94605
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Open House
Thu Oct 01, 10:00am - 12:00pm
Mon Oct 05, 10:30am - 12:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,242 sqft
Price per Sqft $313
MLS Listing ID ML82062172
HOA Y/N No
Year Built 1922
Lot Size 0.253 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
6120 Foothill Boulevard offers an attractive opportunity to acquire a twelveunit apartment building in a highdemand East Oakland rental corridor. The property features a practical unit mix of eleven onebedroom units and one twobedroom unit, appealing to a broad range of workforce renters. With an inplace cap rate of 8.23% and current rents reflecting a meaningful losstolease, the asset provides a new owner with immediate cash flow and a clear path to additional income growth through stabilization. The property also includes an assumable loan with an approximate principal balance of $975,000 at 5.5%, offering buyers a valuable financing option in todays capital markets.
Location
State CA
County Alameda
Interior
Heating Other
Cooling None
Fireplace No
Building
Water Public
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