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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