Four-Unit Apartment
For Sale
$999,000
304 Fairmount Ave, Oakland, CA 94611
Four one-bedroom, one-bath residences positioned near BART, Lake Merritt, restaurants, grocery stores, and daily essentials.
Property Size3,836 SF
Price / SF$260.43
Days on Market147
Property Features for 304 Fairmount Ave
General Information
Standard status
Active
Size
3,836 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Year Built
1928
Buildings
1
Listing Agency:
Fiduciary Real Estate Services
Listed By:
Ruben Martinez · License #01027549
(888) 511-3737
Source:
Exitrealty
Added: May 23
Changed: Sep 2
Last Checked: Sep 15 at 6:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fiduciary Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1928, this four-unit apartment property contains four one-bedroom, one-bath residences within 3,836 square feet. The building’s vintage character and residential scale define the asset, with a layout suited to multifamily ownership or an owner-user arrangement as described in the property information.
The property is located at 304 Fairmount Ave in Oakland, near BART and Lake Merritt. Restaurants, grocery stores, and other daily necessities are also nearby, providing access to established neighborhood amenities and transit connections.
The property is located at 304 Fairmount Ave in Oakland, near BART and Lake Merritt. Restaurants, grocery stores, and other daily necessities are also nearby, providing access to established neighborhood amenities and transit connections.
Key Highlights
- Four one‑bedroom, one‑bath apartment units
- 3,836 square feet of total property size
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,777
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,540
$1.4M
Cap Rate 7%
$1,011,100
$1.0M
Cap Rate 9%
$786,411
$786.4K
Market Conditions
NOI Build-Up for 3,836 SF
Gross rent
$105.9K $27.60/SF
− Vacancy
−$4.8K −$1.24/SF
EGI
$101.1K $26.36/SF
− OpEx
−$30.3K −$7.91/SF
NOI
$70.8K $18.45/SF
Area
ZIP 94611
Vacancy
4.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,540
Cap Rate 7%
$1,011,100
Cap Rate 9%
$786,411
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$884.7K – $1.18M
NOI $70,777 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$935.5K
$818.6K – $1.09M
NOI $65,487 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,116 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6,954
Businesses Nearby
Explore this area
Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom, one-bath residences positioned near BART, Lake Merritt, restaurants, grocery stores, and daily essentials.
Where is this quadplex located?
The property is located at 304 Fairmount Ave Oakland, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath apartment units; 3,836 square feet of total property size; Built in 1928
