Timothy Warren, Listing Office: NAI Northern California
410 Fairmount Ave Oakland, CA 94611
$3,675,000 List price
0.2 acres
House
Property details
About 410 Fairmount Ave
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.
Highlights
Home typeOther
StatusActive
Lot size0.1664 Acres
Year built1926
MLS #41082352
Summary
- MLS Number: 41082352
- MLS Name: CRMLS
- Office Name: COMPASS
- Office Phone: (415) 660-9955
- Office Email: kathy@compass.com
- Listing Agent: Willem Bos
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,675,000
410 Fairmount Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $872,581 | $20,680 |
| 2020 | $863,634 | $20,680 |
| 2019 | $846,704 | $18,011 |
| 2018 | $830,103 | $16,624 |
| 2017 | $813,828 | $16,624 |
History based on county public records data.
Nearby schools
8
Beach Elementary School
Public District KG-5
0.6 mi
•100 Lake Ave
3
Piedmont Avenue Elementary School
Public District KG-5
0.8 mi
•4314 Piedmont Ave
6
Emerson Elementary School
Public District KG-5
1.0 mi
•4803 Lawton Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,805. The majority of Oakland, CA residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
39%
<35k
45%
35k-100k
13%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
76%
Single, No Kids
8%
Single, with Kids
10%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
4%
12-17 yrs old
38%
18-34 yrs old
46%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Major League Soccer (MLS)
Art Museums
Where do the neighbors shop?
H&M
Banana Republic
Bloomingdales
Where do the neighbors go to eat?
Chipotle
Jack In The Box
Starbucks
What do the neighbors drive?
Volkswagen
Toyota
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 410 Fairmount Ave
This home is located at 410 Fairmount Ave in Oakland, CA and zip code 94611 in the Harrison St. / Oakland Ave. neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $3,675,000.
Over 121 listings were sold over their listed price in December 2024 in Oakland, CA. In the same period over 63 listings were sold below the listed price and 17 listings were sold for the listed price. The inventory of homes for sale in Oakland, CA between November and December 2024 decreased by 14.4%. In December 2024 median list price was $847,619 and the average listing age was 50 days.
From Rocket Homes Real Estate and based on county public records data.