6114-6120 Foothill BLVD, Oakland, CA 94605
- $1,645,000
- 5,242
- SqFt
Listing courtesy of Fred Rubio from Marcus & Millichap. 408-314-3009
- List Price
- $1,645,000
- MLS#
- ML82062172
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 5,242
- Lot Size
- 11,000
- Listing Area
- Oakland Zip Code 94605
- Year Built
- 1922
Property Description
*** SELLER ASSUMABLE LOAN AVAILABLE - 975K LOAN AT 5.5% *** 6120 Foothill Boulevard offers an attractive opportunity to acquire a twelve unit apartment building in a high demand East Oakland rental corridor. The property features a practical unit mix of eleven one bedroom units and one two bedroom unit, appealing to a broad range of workforce renters. With an in place cap rate of 8.23% and current rents reflecting a meaningful loss to lease, the asset provides a new owner with immediate cash flow and a clear path to additional income growth through stabilization.
Additional Information
- Age
- 104
- Cooling System
- None
- Foundation
- Wood Frame
- Garage Parking
- Common Parking Area, On Street
- Heating System
- Other
- Living Area
- 5,242
- Lot Size
- 11,000
- Neighborhood
- Oakland Zip Code 94605
- Other Utilities
- Public Utilities
- Roof
- Flat / Low Pitch
- Sewer
- Sewer - Public
- Special Features
- Bathroom Features, Kitchen Features, Parking
- Unincorporated Yn
- Yes
- Zoning
- RU-5
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