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$1,595,000
Est. payment /mo
5,242 SqFt
Open House
Fri Nov 13, 11:30am - 1:00pm
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,242 sqft
Price per Sqft $304
MLS Listing ID ML82062172
HOA Y/N No
Year Built 1922
Lot Size 0.253 Acres
Property Sub-Type Other
Property Description
*** 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.
Location
State CA
County Alameda
Zoning RU-5
Interior
Heating Other
Cooling None
Fireplace No
Exterior
Handicap Access Accessible Full Bath, Accessible Kitchen
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 038319401201
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Listed by Fred Rubio • Marcus & Millichap
NEARBY SCHOOL & BUSINESS
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Eric & Janelle Boyenga
Realtors DRE01254724 / 01254725
Realtors DRE01254724 / 01254725