Active

410 Fairmount Ave

Oakland CA, 94611

$3,675,000


$225.38 per sqft

Active

16,306 sqft

Multi-family

Built in 1926

410 Fairmount Avenue is a desirable eighteen-unit apartment building consisting of a strong unit mix, including (2) Well-maintained studios, (10) large one-bedroom units, and (6) functionally designed two-bedroom units. With extensive capital improvements, including bringing all electrical panels up to date, replacing the main panel, individually meeting each unit, and fully seismically upgrading the building, this is a stable and easy-to-manage asset for any investor. In addition, 410 Fairmount is located directly above the sprawling Lake Merritt Recreation Center in Oakland, making this a highly sought-after tenant location. With day-one solid cash flow and a sizable amount of rental growth potential, this is a safe and secure asset for any investor looking for a long-term hold and priced well below comps at only an 8.45 GRM and over a 6.70% in-place CAP rate.

41082352

MLS ID

January 15, 2025

Listed

January 21, 2025

Updated

Map

410 Fairmount Ave
Oakland CA, 94611

Interior Features

Appliances

Dryer, Washer


Floor Description

Tile, Vinyl, Carpet, Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

See Remarks

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Sloped Down

Other Property Details

Area Name

Oakland


Garage

No


Parking

Below Ground Parking


Parking Total

15


View

No


County

Alameda


Water Source

Other


Pool

No

Listed by Willem Bos with COMPASS
Listing Contact: 916-698-9954 

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