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Listed by Marcus & Millichap
$ 1,595,000
Est. payment /mo
Active
6114-6120 Foothill Boulevard Oakland, CA 94605
5,242 SqFt
UPDATED:
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