Property Details
About this Property
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.
MLS Listing Information
MLS #
EB41068920
MLS Source
Bridge MLS
Days on Site
91
Interior Features
Flooring
Other
Laundry
Community Facility
Cooling
Other
Exterior Features
Roof
Other
Parking, School, and Other Information
Water
Other
Complex Amenities
Other
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
410 Fairmount Ave is a Residential Income in Oakland, CA 94611. This 16,306 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,700,000 and was built in 1926. This address can also be written as 410 Fairmount Ave, Oakland, CA 94611.
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This listing information is up-to-date as of October 11, 2024. For the most current information, please contact Willem Bos, (916) 698-9954
