410 Fairmount ave, Oakland, CA 94611 - MLS#EB41068920

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 3,700,000

Est. payment | -/mo

16,306 SqFt

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$ 3,700,000

Est. payment | -/mo

Save

16,306 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 16,306 sqft

Price per Sqft $226

MLS Listing ID EB41068920

Originating Board Bridge MLS

Year Built 1926

Lot Size 7,250 Sqft

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 Other Area

Interior

Cooling Other

Flooring Other

Laundry Community Facility

Exterior

Exterior Feature Other

Garage Underground Parking

Garage Spaces 9.0

Roof Type Other

Building

Lot Description Other

Water Other

Others

Special Listing Condition Not Applicable

Listed by Willem Bos • COMPASS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA