6114-6120 Foothill BLVD, Oakland, CA 94605
- $1,645,000
- 5,242
- SqFt
Listed by Fred Rubio, 408-314-3009 from Marcus & Millichap
(If provided) CoList: from
- List Price
- $1,645,000
- MLS#
- ML82062172
- Status
- ACTIVE
- Sqft. of Residence
- 5,242
- Lot Size
- 11,000
- Listing Area
- Oakland Zip Code 94605
- Year Built
- 1922
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.
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Additional Information
- Cooling System
- None
- Days On Market
- Unknown
- 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
- Unincorporated Yn
- Yes
- Zoning
- RU-5
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