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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Fred Rubio • Marcus & Millichap, DRE#01984041

$ 1,645,000

Est. payment | -/mo

4 Beds

3 Baths

5,242 SqFt

Save

$ 1,645,000

Est. payment | -/mo

Save

4 Beds

3 Baths

5,242 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,242 sqft

Price per Sqft $313

MLS Listing ID ML82062172

Bedrooms 4

Full Baths 3

Year Built 1922

Lot Size 0.253 Acres

Property Sub-Type Five or More Units

Property Description

*** SELLER FINANCING 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.

Location

State CA

County Alameda

Area Oakland Zip Code 94605

Zoning RU-5

Interior

Heating Other

Cooling None

Exterior

Parking Features Common Parking Area, On Street

Utilities Available Public Utilities

Roof Type Flat / Low Pitch

Building

Foundation Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 038-3194-012-01

Security Features Other

Special Listing Condition Not Applicable

Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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6114-6120 Foothill BLVD Oakland, CA 94605