410 Fairmount Ave, Oakland, CA 94611
-
Listed Price :
$3,750,000
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
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Year Built :
1926
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
See Remarks |
Listing Information
| Address |
410 Fairmount Ave |
| City |
Oakland |
| State |
CA |
| Zip |
94611 |
| County |
Alameda |
| Listing Agent |
Willem Bos DRE #02013980 |
| Courtesy Of |
COMPASS |
| List Price |
$3,750,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
7,250 |
| Year Built |
1926 |
Listing information courtesy of: Willem Bos, COMPASS. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 27th, 2024 at 9:08 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
