6114-6120 Foothill BLVD, Oakland, CA 94605
6114-6120 Foothill BLVD, Oakland, CA 94605
6114-6120 Foothill BLVD, Oakland, CA 94605
6114-6120 Foothill BLVD, Oakland, CA 94605
6114-6120 Foothill BLVD, Oakland, CA 94605
6114-6120 Foothill BLVD, Oakland, CA 94605
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Eric Sandate

Eric Sandate

+1(650) 576-5580
Listed by Fred Rubio • Marcus & Millichap, DRE#01984041
$ 1,645,000
Est. payment | /mo

4 Beds

3 Baths

5,242 SqFt

Save
$ 1,645,000
Est. payment | /mo
Save

4 Beds

3 Baths

5,242 SqFt

Open House

Thu Oct 01, 10:00am - 12:00pm

Key Details

Property Type 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

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

Utilities Available Public Utilities

Roof Type Flat / Low Pitch

Building

Foundation Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 038-3194-012-01

Security Features Other

Special Listing Condition Not Applicable

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Nearby Locations

Eric Sandate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 576-5580

eric.s@guiderealestateca.com

1641 Laurel St, San Carlos, CA 94070-5216, USA

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6114-6120 Foothill BLVD