12-Unit Apartment
6120 Foothill Blvd, Oakland, CA 94605
For Sale
$1,595,000
The unit mix includes one- and two-bedroom apartments in an Oakland multifamily property.
Property Size5,242 SF
Days on Market50
Property Features for 6120 Foothill Blvd
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Amenities
In-Place Cap Rate of 8.15%
Pro-Forma Cap Rate of 10.89%
Diverse Unit Mix of 1 Bedroom and 2 Bedroom Units
Building Details
Building Size
Buildings
Units
Listing Agency:
Marcus & Millichap
Listed By:
Fred Rubio III
(650) 391-1734
Source:
Marcusmillichap
Added: Sep 26
Changed: Nov 6
Last Checked: Nov 12 at 4:13AM
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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Investment Insights
Based on property information with market context.
The 12-unit apartment property at 6120 Foothill Boulevard in Oakland contains eleven one-bedroom apartments and one two-bedroom apartment. Its in-place cap rate is 8.23%. The mix provides two apartment layouts within a single building.
Foothill Boulevard connects the property with International Boulevard, High Street, and I-580. Nearby bus service, neighborhood retail, grocery options, and local businesses serve the surrounding area. The listing also identifies commuter connections to Downtown Oakland, San Leandro, and employment centers across the East Bay.
Foothill Boulevard connects the property with International Boulevard, High Street, and I-580. Nearby bus service, neighborhood retail, grocery options, and local businesses serve the surrounding area. The listing also identifies commuter connections to Downtown Oakland, San Leandro, and employment centers across the East Bay.
Key Highlights
- 12 apartments: eleven one‑bedroom units and one two‑bedroom unit
- In‑place cap rate of 8.23%
- Foothill Boulevard location with connections to International Blvd, High Street, and I‑580
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
12
Residential units
Yes
Highway access
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
$840,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 unit mix includes one- and two-bedroom apartments in an Oakland multifamily property.
Where is this apartment building located?
The property is located at 6120 Foothill Blvd 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; In‑place cap rate of 8.23%; Foothill Boulevard location with connections to International Blvd, High Street, and I‑580
