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410 Fairmount Ave Oakland, CA 94611

Sponsored
For Sale
$3,675,000

18-unit building, strong cash flow, Oakland, CA

Property size:
16,306 SF

Description

Added:
Jan 15, 2025
Days on Market:
357
This exceptional 18-unit apartment building at 410 Fairmount Ave, Oakland, CA 94611, presents a compelling investment opportunity. The property boasts 16,306 square feet on a 0.17-acre lot and features a desirable unit mix: two studios, ten one-bedroom units, and six two-bedroom units. Recent extensive capital improvements include a complete electrical panel upgrade, seismic upgrades, and individual meter installations for each unit, ensuring a stable and easily managed asset. The building's prime location above the Lake Merritt Recreation Center in Oakland, CA 94611, guarantees high tenant demand. Currently operating at 91% occupancy, this property offers immediate cash flow and significant rental growth potential. The sale is structured as a 1031 exchange. This investment is priced attractively, offering a 6.7% capitalization rate. The building is well-maintained and represents a secure, long-term investment opportunity.

Property Features for 410 Fairmount Ave

General Information

Sale Condition
1031-exchange
Property type
Multifamily properties
Square Feet
16,306 SF
Price / Square Foot
$225
Class
C
Elevators
N/A
Lot Size
7,405 SF
Occupancy
91%

Building Details

Year Built
1926
Stories
3
Units
18

HighLights

  • Desirable 18‑unit Oakland apartment building with a strong unit mix of studios, one- and two‑bedroom units.
  • Recently completed extensive capital improvements, including seismic upgrades and electrical panel replacements.
  • Prime Oakland location above Lake Merritt Recreation Center, offering high tenant demand and solid cash flow.
Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Oakland
State
California
Longitude
-122.255983
Latitude
37.819027

FAQs

What type of property is this?
Multifamily property - 18-unit building, strong cash flow, Oakland, CA
Where is this multifamily property located?
The property is located at 410 Fairmount Ave Oakland, CA.
What is the asking price?
The asking price for this property is $3,675,000.
What are key features of this property?
This property features: Desirable 18-unit Oakland apartment building with a strong unit mix of studios, one- and two-bedroom units.; Recently completed extensive capital improvements, including seismic upgrades and electrical panel replacements.; Prime Oakland location above Lake Merritt Recreation Center, offering high tenant demand and solid cash flow.
More about this property
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