858-525-5007

410 Fairmount ave, Oakland CA 94611 | $3,700,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 7250 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1926
  • MLS#: 41068920
  • Community:

Listing provided courtesy of Willem Bos of COMPASS. Last updated 2024-11-29 09:11:24.000000. Listing information © 2024 SANDICOR.

New electrical sub and main panels! 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 8.8 GRM and over a 6.3% in-place CAP rate.

More Details

0.17 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985