1. California
  2. Oakland
  3. 410 Fairmount Ave
$3,650,000

410 Fairmount Ave, Oakland, CA 94611

  • 16,306 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1926
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $224/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

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.

Listing Status:
Pending
Date Added:
January 14, 2025 at 06:00AM
Listing Office:
COMPASS : 415-660-9955
Listing Agent:
Willem Bos : 916-698-9954
MLS ID:
41082352

This listing courtesy of Willem Bos, COMPASS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Piedmont Avenue Elementary School

4314 Piedmont Ave, Oakland, CA, 94611

Grades KG-5

0.78 miles away

W

Westlake Middle School

2629 Harrison St, Oakland, CA, 94612

Grades 6-8

0.40 miles away

S

Street Academy (Alternative)

417 29th St, Oakland, CA, 94609

Grades 9-12

0.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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