410 Fairmount Ave, Oakland, CA 94611
410 Fairmount Ave, Oakland, CA 94611
410 Fairmount Ave, Oakland, CA 94611
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Listed by Willem Bos, DRE #02013980 • COMPASS
$3,650,000
Est. payment /mo
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16,306 SqFt
Pending

410 Fairmount Ave Oakland, CA 94611

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Adrian Chu

Adrian Chu

+1(206) 407-5452

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

MLS Listing IDX PLUS
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Adrian Chu

Adrian Chu

Founder & CEO

+1(206) 407-5452

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410 Fairmount Ave