410 Fairmount Ave, Oakland, CA 94611 - Berkshire Hathaway HomeServices California Properties

410 Fairmount Ave, Oakland, CA 94611

$3,650,000 Approx. USD 0 beds, 0 baths

Listing Agent


Willem Bos | willem@bosgroupcre.com
Lic#: 02013980
Broker: Courtesy of COMPASS

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 41082352
List price is $3,650,000 Reduced by $25,000 on 1/23/2025
Price: $3,650,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1926
0.17 acres
Lot size: 0.1664
County: Alameda
Construction: See Remarks
Appliances: Dryer,Washer
Lot description: Sloped Down
Heating/cooling: None

Last Updated: 5/8/2025

 Days On Market (DOM): 113

 Find more Oakland homes and real estate

 Find more homes in 94611 zip code

Lat/Long: 37.819030, -122.255983.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

94611 Area Map

Demographics

Schools

Near by

Similar Listings