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$1,595,000
Est. payment /mo
0.25 Acres Lot
Open House
Fri Nov 13, 11:30am - 1:00pm
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82062172
HOA Y/N No
Year Built 1922
Annual Tax Amount $31,394
Lot Size 0.252 Acres
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
Area 699 - Not Defined
Zoning RU-5
Interior
Cooling None
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 3
Building
Water Public
Schools
School District Other
Others
Tax ID 038319401201
Special Listing Condition Standard
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Listed by Fred Rubio Marcus & Millichap #01984041
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