410 Fairmount Avenue

Oakland, CA 94611

$3,675,000
Price
Beds
16,306 Sq. Ft.
$225 / Sq. Ft.
16,306
Sq. Ft.
$225
per Sq. Ft.

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

  1. Willem Bos

    Willem Bos

    Listing Agent

    Compass

    DRE #02013980

    willem.m.bos@compass.com

    P: (916)-698-9954

Property Details for 410 Fairmount Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Underground Parking
Total # Parking Spaces
15
LISTING UPDATED: 01/14/2025 04:31 PM

Property Details for 410 Fairmount Avenue

StatusNew
MLS #41082352
Days on Compass1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1926
Lot Size0.17 AC / 7,250 SF
CountyAlameda County

Building Information for 410 Fairmount Avenue

Stories-Residences18Year Built1926Building Size-Lot Size0.17 AC / 7,250 SF

Property Information for 410 Fairmount Avenue

Features
Feature Details
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Laundry: Washer, Dryer
Room Details
  • Additional Rooms: Basement - Storage Area
Utility Details
  • Cooling: None
  • Heating: See Remarks
  • Water/Sewer: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Dryer, Individual Electric Meter, See Remarks, Washer
  • City Transfer Tax: Yes
  • Exterior: Other
  • Lot Description: Down Slope
  • Lot Sq Ft Apx: 7250
  • Lot Size Square Feet: 7250.0
  • Roof: Unknown
  • Sq Ft Apx: 16306
  • Year Built: 1926
Location Details
  • Directions to Property: Right off Pearl St
  • FIPS Code: 06001
  • Census Tract: no
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 18
  • Basement: Storage Area, Other
  • Tenant Pays: Other
  • Financial Data Source: Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Below Ground Parking
  • Tot Ann Oper Exp: 172167.0
Income / Expense Details
  • Gross Income: $434,772
  • Gross Rent Multiplier: 8.45
  • Net Operating Income: $249,692
Other Financial Information
  • Cap Rate: 6.79
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 410 Fairmount Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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410 Fairmount Avenue is a multi-family home for sale in Oakland, CA 94611. This property was listed for sale on January 14, 2025 by Compass, it's currently listed at $3,675,000. This listing's school district is Oakland Unified School District. Nearby schools include Piedmont Avenue Elementary School, Westlake Middle School and Oakland Technical High School. 410 Fairmount Avenue is a 0-bed, 0-bath, 16,306 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Willem Bos, DRE #02013980

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.