$1,645,000

Multi Family In Oakland

  • 5,242 Sqft
  • 11,000 Sqft lot
  • Updated: September 24
  • Source:
    bridgeMLS  MLS#ML82062172

About the Property

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
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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  • Property type

    Other

  • Year built

    1922

  • Price/sqft

    $313

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6114-6120 Foothill Boulevard, Oakland, California, United States View on Google Maps
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Marcus & Millichap

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Marcus & Millichap
California, United States
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70
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2025
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Marcus & Millichap
California, United States
View agency profile
Last updated
September 24
First listed
September 24
Listing reference
ML82062172
Listing status
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