410 Fairmount Avenue
$3,675,000
—
16,306
16,306
$225
Listed By Compass
New
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...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 Agent
Property Details for 410 Fairmount Avenue
City
OAKLAND
Building Type5 or More Units
Property Sub Type5 or More Units
Garage/ParkingUnderground Parking
Total # Parking Spaces15
LISTING UPDATED: 01/14/2025 04:31 PM
Property Details for 410 Fairmount Avenue
Status | New |
---|---|
MLS # | 41082352 |
Days on Compass | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1926 |
Lot Size | 0.17 AC / 7,250 SF |
County | Alameda County |
Building Information for 410 Fairmount Avenue
Stories-Residences18Year Built1926Building Size-Lot Size0.17 AC / 7,250 SF
Property Information for 410 Fairmount Avenue
Property History for 410 Fairmount Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 410 Fairmount Avenue
Taxable ValueLand$258,878Additions$677,406Total$936,284
Tax Record2024$26,161 ($2,180 / month)
Home Facts
Total Finished SqFt16,306 SqFtAbove Grade Finished SqFt16,306 SqFtStories3Lot Size7,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyALAMEDAAPN10-809-13
Schools near 410 Fairmount Avenue
This home is within Oakland Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Piedmont Avenue Elementary School PublicK to 5 | ||
Westlake Middle School Public6 to 8 | ||
Oakland Technical High School Public9 to 12 | ||
Street Academy (Alternative) Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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