61146120 Foothill Boulevard, Oakland, CA 94605
List Price: $1.65M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1922
Lot Size: 11,000 sq ft
Annual Property Tax: $32,032
MLS Number: ML82062172
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.
Listing provided by: Fred Rubio DRE #01984041 (650) 391-1700 fred.rubioiii@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: ML82062172
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.