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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Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by Fred Rubio • Marcus & Millichap, DRE#01984041
$1,645,000
Est. payment /mo
4 Beds
3 Baths
5,242 SqFt
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Open House

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

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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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Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate License ID: 02024903

Broker Associate License ID: 02024903

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6114-6120 Foothill BLVD

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Josh Yoo.

As a Bay Area native and Top 1% real estate advisor, Josh brings local expertise, strategic guidance, and personal support to help you buy with confidence in a competitive market.