6114-6120 Foothill Boulevard — Sale in Oakland, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Oakland, CA 94605

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Investment Figures

Cap rate
8.23%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Situated along Foothill Boulevard in a dense residential pocket of Oakland, the property offers residents convenient access to neighborhood retail, transit routes, and major employment centers throughout the East Bay. The central location provides connectivity to International Blvd, High Street, and I-580, supporting commuter access to Downtown Oakland, San Leandro, and broader regional job hubs. Nearby bus lines and local services enhance daily convenience, while the surrounding mix of small businesses, grocery options, and community amenities reinforces long-term renter demand. The property’s attainable rent levels and practical unit mix support continued occupancy among residents seeking well-located housing in an increasingly supply-constrained market. East Oakland remains one of the region’s most resilient workforce housing submarkets, characterized by limited new multifamily development, persistent demand for affordable rental options, and strong occupancy across smaller apartment assets. Rising homeownership costs and constrained construction pipelines contribute to a durable renter base, while proximity to major employment corridors supports consistent leasing activity. The combination of day-one cash flow, operational upside, and long-term growth positions 6120 Foothill Boulevard as a compelling, yield-oriented multifamily acquisition with strong long-term income and value appreciation potential. Investment Highlights: • In-Place Cap Rate of 8.15% • Pro-Fo

Market Context

This multifamily in Oakland, CA is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Oakland, CA — view the full market.

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