Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Fred Rubio, DRE #01984041 • Marcus & Millichap

$1,645,000

Est. payment - /mo

4 Beds

3 Baths

5,242 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,242 sqft

Price per Sqft $313

MLS Listing ID ML82062172

Bedrooms 4

Full Baths 3

Year Built 1922

Lot Size 0.253 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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

Area Oakland Zip Code 94605

Zoning RU-5

Interior

Heating Other

Cooling None

Exterior

Parking Features Common Parking Area, On Street

Garage Spaces 3.0

Utilities Available Public Utilities

Roof Type Flat / Low Pitch

Building

Foundation Wood Frame

Sewer Sewer - Public

Water Public

Others

Tax ID 038-3194-012-01

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker License ID: 00851314

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6114-6120 Foothill BLVD Oakland, CA 94605

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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