6114-6120 Foothill Boulevard, 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
- Status
- ACTIVE
- Days on Market
- 35
- MLS#
- ML82062172
- Subtype
- Commercial Sale
- Year Built
- 1922
- Living Area
- 5,242
- Lot Size
- 11,000
- Acres
- 0.25
- Subdivision
- Ca
- Neighborhood
- Ca
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.
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Additional Information
- Heating
- Other
- Air Conditioning
- None
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