REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Willem Bos, DRE #02013980 • COMPASS
$ 3,650,000
Est. payment | /mo
16,306 SqFt
$ 3,650,000
Est. payment | /mo
16,306 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 16,306 sqft
Price per Sqft $223
MLS Listing ID MR41082352
Year Built 1926
Lot Size 7,250 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property 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 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.
Location
State CA
County Alameda
Area Oakland Zip Code 94611
Interior
Cooling None
Flooring Tile, Vinyl, Carpet - Wall to Wall, Wood
Laundry Washer, Dryer
Exterior
Exterior Feature Other
Parking Features Underground Parking
Garage Spaces 15.0
Roof Type 30
Building
Lot Description Grade - Sloped Down
Water Other
Others
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty