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61146120 Foothill BLVD Oakland, CA 94605
0.25 Acres Lot
Open House
Thu Oct 01, 10:00am - 12:00pm
Mon Oct 05, 10:30am - 12:00pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82062172
HOA Y/N No
Year Built 1922
Annual Tax Amount $32,032
Lot Size 0.252 Acres
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 699 - Not Defined
Zoning RU-5
Interior
Cooling None
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 3
Building
Water Public
Schools
School District Other
Others
Tax ID 038319401201
Special Listing Condition Standard
Listed by Fred Rubio Marcus & Millichap #01984041
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