6114-6120 Foothill Boulevard, Oakland, CA 94605
6114-6120 Foothill Boulevard, Oakland, CA 94605
6114-6120 Foothill Boulevard, Oakland, CA 94605
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Listed by Fred Rubio • Marcus & Millichap • 650-391-1700
$1,595,000
Est. payment /mo
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5,242 SqFt
Active

6114-6120 Foothill Boulevard Oakland, CA 94605

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,242 sqft

Price per Sqft $304

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

*** 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.

Location

State CA

County Alameda

Interior

Heating Other

Cooling None

Fireplace No

Building

Water Public


Bay East Association of Realtors

NEARBY SCHOOL & BUSINESS

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Cara L. Milgate

Cara L. Milgate

Agent License ID: CA01044930

+1(510) 984-9548

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6114-6120 Foothill Boulevard