$1,595,000
FOR SALEActive61146120 Foothill Boulevard
Oakland CA 94605
5,242
SF
Commercial
Type
1922
Built
$304/SF
Cost/SF
Listing Agent
Location Analysis
Location unavailable
About This Property
*** 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.
Property Information
Property Overview
Commercial
Property Type
Active
Status
RU-5
Zoning
0.2525 acres
Lot Size
5,242 SF
Square Footage
$304.27/SF
Price per SF
$31,394
Annual Tax
1,922
Year Built
3
Parking Total
0.57
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Location unavailable
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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Closed commercial sales reported, newest first.
CRMLS
MLS# ML82062172
Listed:
Nalren refreshed:
Last updated
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Listed by: Marcus & Millichap
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.