Commercial Property — 61146120 Foothill Boulevard, Oakland, CA
$1,645,000
61146120 Foothill Boulevard, Oakland, CA
About this 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 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.
Property details
Location
61146120 Foothill Boulevard • Oakland, CA 94605
Listed by
Fred Rubio · Marcus & Millichap
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