410 Fairmount Ave, Oakland, CA 94611

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$3,650,000

bedrooms

bathrooms

square feet

16,306

Acreage

Open Houses

year built

1926

Full Baths

Half Baths

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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.

Location
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Elementary School	-
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Open houses

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MLS number: -

Listing agent: Willem Bos

Listing broker: Compass

Last update: Monday, February 24 2025 at 5:34 p.m. EST

Compass Broker