Property listed by Marcus & Millichap, Fred Rubio 650-391-1700
61146120 Foothill Boulevard
Oakland, CA 94605
Square Ft.
5,242
$1,645,000
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%… Read More 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. Read Less
Listing Snapshot
Days Online
4
Last Updated
Square Ft.
5,242
Lot Size
0.25 Acres
Year Built
1922
MLS Number
ML82062172
Additional Details
Building
Built in 1922, 2 buildings
Cooling
None
Expenses
Insurance: $9,500, Maintenance: $7,800, Other Expense: $2,500
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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