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Search Cali Homes Team
61146120 Foothill Boulevard, Oakland, CA 94605
- $1,595,000
Listing courtesy of Listing Agent: Fred Rubio (fred.rubioiii@marcusmillichap.com) from Listing Office: Marcus & Millichap.
- List Price
- $1,595,000
- Status
- ACTIVE
- Days on Market
- 54
- Price Change
- ▼ $50,000 1793154596
- MLS#
- ML82062172
- Subtype
- Commercial Sale
- Year Built
- 1922
- Lot Size
- 11,000
- Acres
- 0.25
- MLS Area Major
- Not Defined (699)
Property Description
*** SELLER ASSUMABLE LOAN AVAILABLE - 975K LOAN AT 5.5% *** 6120 Foothill Boulevard offers an attractive opportunity to acquire a twelve unit apartment building in a high demand East Oakland rental corridor. The property features a practical unit mix of eleven one bedroom units and one two bedroom unit, appealing to a broad range of workforce renters. With an in place cap rate of 8.23% and current rents reflecting a meaningful loss to lease, the asset provides a new owner with immediate cash flow and a clear path to additional income growth through stabilization.
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Additional Information
- Taxes
- $31,394
- Zoning
- RU-5
- Air Conditioning
- Yes
- Roof
- Flat
- School District
- Other
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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.