Homes for sale - 410 Fairmount Ave, Oakland, CA 94611

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Willem Bos • COMPASS

$3,650,000

Est. payment - /mo

16,306 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 16,306 sqft

Price per Sqft $223

MLS Listing ID MR41082352

Year Built 1926

Lot Size 7,250 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

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.

Location

State CA

County Alameda

Area Oakland Zip Code 94611

Interior

Cooling None

Flooring Tile, Vinyl, Carpet - Wall to Wall, Wood

Laundry Washer, Dryer

Exterior

Exterior Feature Other

Parking Features Underground Parking

Garage Spaces 15.0

Roof Type 30

Building

Lot Description Grade - Sloped Down

Water Other

Others

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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410 Fairmount Ave Oakland, CA 94611

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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