410 Fairmount Ave Oakland, CA 94611

This exceptional 18-unit apartment building at 410 Fairmount Ave, Oakland, CA 94611, presents a compelling investment opportunity. Boasting 16,306 square feet on a 7,250 square foot lot, this property offers a strong mix of unit types: two studios, ten one-bedroom, and six two-bedroom units. Built in 1926 and recently seismically upgraded, the building features significant capital improvements, including a complete electrical panel replacement and individual unit meter installations, resulting in lower PG&E expenses. The property includes seven secured parking spaces. The current Net Operating Income (NOI) is $235,914, yielding a 6.30% cap rate, while the pro-forma NOI is $291,098, projecting a 7.80% cap rate. The asking price is $3,750,000, translating to $208,333 per unit and an 8.7 GRM. Its prime location above Lake Merritt ensures high tenant demand and strong rental growth potential. This well-maintained, easily managed asset offers a secure, long-term investment with substantial upside. The building's recent upgrades minimize future maintenance needs, enhancing its value and appeal to investors seeking a stable, high-performing property in a desirable Oakland location. This is a rare opportunity to acquire a multifamily property with proven cash flow and significant potential for appreciation.