12-Unit Apartment
6114-6120 Foothill Boulevard, Oakland, CA 94605
For Sale
$1,595,000
The building contains a mix of one- and two-bedroom apartments and reports an in-place 8.23% cap rate.
Property Size5,242 SF
Price / SF$304.27
Days on Market53
Property Features for 6114-6120 Foothill Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Amenities
Common Garage
Flat/Low Pitch Roof
Handicapped Bathroom Features
On Street
Building Details
Year Built
Listing Agency:
MARCUS & MILLICHAP
(650) 391-1700
Listed By:
FRED RUBIO · License CA #01984041
(604) 675-5200
Source:
Corcoran
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 12 at 8:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARCUS & MILLICHAP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 6114-6120 Foothill Boulevard in Oakland, this 5,242-square-foot apartment property was built in 1922. Its 12 residences comprise eleven one-bedroom units and one two-bedroom unit.
The property reports an in-place cap rate of 8.23% and current rents with loss-to-lease. An assumable loan carries a 5.5% interest rate; its principal balance is not included here.
The property reports an in-place cap rate of 8.23% and current rents with loss-to-lease. An assumable loan carries a 5.5% interest rate; its principal balance is not included here.
Key Highlights
- 12 apartments: eleven one‑bedroom units and one two‑bedroom unit
- 5,242 square feet; built in 1922
- In‑place cap rate of 8.23%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,115
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,902,300
$1.9M
Cap Rate 7%
$1,358,786
$1.4M
Cap Rate 9%
$1,056,833
$1.1M
Market Conditions
NOI Build-Up for 5,242 SF
Gross rent
$182.4K $34.80/SF
− Vacancy
−$9.5K −$1.81/SF
EGI
$172.9K $32.99/SF
− OpEx
−$77.8K −$14.85/SF
NOI
$95.1K $18.14/SF
Area
ZIP 94605
Vacancy
5.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,902,300
Cap Rate 7%
$1,358,786
Cap Rate 9%
$1,056,833
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,115 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,108 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Oakland, CA
Properties on Market for Apartment buildings in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The building contains a mix of one- and two-bedroom apartments and reports an in-place 8.23% cap rate.
Where is this apartment building located?
The property is located at 6114-6120 Foothill Boulevard Oakland, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 12 apartments: eleven one‑bedroom units and one two‑bedroom unit; 5,242 square feet; built in 1922; In‑place cap rate of 8.23%
