410 Fairmount ave Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94611
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 16,306 sqft
Price per Sqft $226
MLS Listing ID 41068920
HOA Y/N No
Year Built 1926
Lot Size 7,250 Sqft
Acres 0.1
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.
Location
State CA
County Alameda
Area Listing
Rooms
Basement Other
Interior
Interior Features Other
Heating Other
Cooling Other
Flooring Other
Fireplace No
Laundry Common Area
Exterior
Utilities Available Other Water/Sewer
View Y/N false
View None
Handicap Access Other
Total Parking Spaces 9
Building
Lot Description Other
Water Other
New Construction No