61146120 Foothill Boulevard, Oakland, CA 94605
- $1,645,000
- List Price
- $1,645,000
- Status
- ACTIVE
- MLS#
- ML82062172
- Year Built
- 1922
- Lot Size
- 11,000
- Acres
- 0.25
- Days on Market
- 1
- Property Type
- Commercial
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.
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Additional Information
- Taxes
- $32,032
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Flat
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $216,240
Listing courtesy of Listing Agent: Fred Rubio (fred.rubioiii@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.