550 Fairmount Ave,
Oakland, CA 94611
交易中 $2,295,000 ($229.5萬)
卧室: -- 浴室: -- / 其他類型
房屋信息

其他類型

6900 平方英呎
(641平方米)

1963 年

無

10 停車位

冷: NO

暖: BB

2026年09月16日
已上市 38 天

地產編號: 41148486
所處郡縣: ALA
面積單價:$346.05/sq.ft ($3,725 / 平方米)
房屋簡介

550 Fairmount Ave presents the opportunity to acquire a 10-unit apartment community in Grand Lake, one of Oakland's most consistently in-demand rental neighborhoods. The three-story 1963 building comprises six 1BR/1BA and four 2BR/1BA units totaling 6,632 SF on a 6,900 SF lot, set over covered off-street parking with five spaces generating additional income. Eight of the ten units have been updated leaving a clear, low-capital path to completing the program. The investment case pairs dependable in-place revenue with incredible upside: scheduled income of $19,509 per month against market rents of $26,350, an approximately 35% gap rooted in tenancies dating to 2006. At $2,295,000, the offering trades at a 7.0% current CAP and 9.3 GRM, rising to a 10.1% CAP as units turn to market. Steps from the Grand Avenue and Lakeshore retail corridors, the Grand Lake Theatre, and Lake Merritt, with MacArthur BART one mile away and immediate I-580 access, putting downtown Oakland and San Francisco within easy reach. A rare Grand Lake value-add at $229,500 per unit.

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