12-Unit Apartment
For Sale
$1,595,000
61146120 Foothill Boulevard, Oakland, CA 94605
The property has a mix of one- and two-bedroom residences in Oakland.
Property Size5,242 SF
Price / SF$304.27
Days on Market40
Property Features for 61146120 Foothill Boulevard
General Information
Standard status
Active
Size
5,242 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
Elmhurst
Units
Unit Mix
11 x 1BR, 1 x 2BR
Multifamily Units
12
Additional Details
Cap Rate
8.23%
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$31,394
Building Details
Building Size
5,242 SF
Year Built
1922
Buildings
1
Listing Agency:
Marcus & Millichap
Listed By:
Fred Rubio · License #01984041
(408) 314-3009
Source:
Reynosoreinc
Added: Sep 22
Changed: Oct 31
Last Checked: Oct 30 at 11:17PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Oakland apartment property contains 12 units across 5,242 square feet. The unit mix comprises 11 one-bedroom apartments and one two-bedroom apartment, providing a defined range of residential layouts. Built in 1922, the building is zoned RU-5.
Situated on Foothill Boulevard in Oakland, the property is identified as part of the East Oakland rental corridor.
Situated on Foothill Boulevard in Oakland, the property is identified as part of the East Oakland rental corridor.
Key Highlights
- 12 apartment units in 5,242 square feet
- Unit mix includes 11 one‑bedroom apartments and one two‑bedroom apartment
- Built in 1922
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
621
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property has a mix of one- and two-bedroom residences in Oakland.
Where is this apartment building located?
The property is located at 61146120 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 apartment units in 5,242 square feet; Unit mix includes 11 one‑bedroom apartments and one two‑bedroom apartment; Built in 1922
