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.
Property Details
Property Features
Property Information:
Year Built: 1926
Listing Office:
Office Name: COMPASS
Office Phone: (415) 660-9955
Listing Agent: Willem Bos
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Other
Other
Directions Information:
Directions: Harrison st exit Cross Street: Pearl st.
Price Information
Listing Price Info
Price Summary:
List Price: $3,700,000
Tax Information:
Annual Amount: $20,680
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Oakland, CA.
This property is $2.8M more than the Median Sold Price in Oakland, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #41068920
Listing Office:
Office Name: COMPASS
Office Phone: (415) 660-9955
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: 11/21/2024, 7:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$20,680
$872,581
2020
$20,680
$863,634
2019
$18,011
$846,704
2018
$16,625
$830,103
2017
$16,625
$813,828
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Beach Elementary School
100 Lake Ave
Distance between this listing and this school0.63 miles
Public District Grades KG-5
3
/10
Piedmont Avenue Elementary School
4314 Piedmont Ave
Distance between this listing and this school0.78 miles
Public District Grades KG-5
6
/10
Emerson Elementary School
4803 Lawton Ave
Distance between this listing and this school1.05 miles
Public District Grades KG-5
Nearby Schools
2
/10
Westlake Middle School
2629 Harrison St
Distance between this listing and this school0.40 miles
Public District Grades 6-8
9
/10
Piedmont Middle School
740 Magnolia Ave
Distance between this listing and this school1.32 miles
Public District Grades 6-8
7
/10
American Indian Public Charter II
171 12th St
Distance between this listing and this school1.41 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
Street Academy (Alternative)
417 29th St
Distance between this listing and this school0.53 miles
Public District Grades 9-12
9
/10
American Indian Public High School
746 Grand Ave
Distance between this listing and this school0.66 miles
Public Charter Grades 9-12
7
/10
Oakland Technical High School
4351 Broadway
Distance between this listing and this school0.93 miles
The neighbors living near this home have an average income of $47,805. Typical income of Oakland, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 410 Fairmount Ave
What is the listing price of this property?
The listing price of 410 Fairmount Ave property is $3,700,000.
What type of property is this?
The property 410 Fairmount Ave is a house located in Oakland, California, 94611.
Is this property for sale now?
Active Listing: 410 Fairmount Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $20,680 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 410 Fairmount Ave is 1926.
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This home is located at 410 Fairmount Ave in Oakland, CA and zip code 94611 in the Harrison St. / Oakland Ave. neighborhood. This home, which was built in 1926, sits on a 0.17 acre lot. It has been listed on Rocket Homes since August 06, 2024 and is currently priced at $3,700,000.
Over 165 listings were sold over their listed price in October 2024 in Oakland, CA. In the same period over 45 listings were sold below the listed price and 30 listings were sold for the listed price. The number of listings in Oakland, CA increased by 9.9% between September 2024 and October 2024. While the average time on the market in October 2024 was 33 days, the median list price was $860,714.
From Rocket Homes Real Estate and based on county public records data.
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. 
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