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  • 550 Fairmount Ave

550 Fairmount Ave, Oakland, CA 94611

$2,295,000 Approx. USD 0 beds, 0 baths
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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Lic#: 01276603
NRDS ID: 187514104
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NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700
 Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Willem Bos | willem@bosgroupcre.com
Lic#: 02013980
Broker: Courtesy of COMPASS
Phone: 916-698-9954

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41148486
Price: $2,295,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1963
0.16 acres
Lot size: 0.1584
Subdivision: OAKLAND
County: Alameda
Construction: Stucco
Lot description: Corner Lot
Heating/cooling: None
Heating description: Baseboard

Last Updated: 9/23/2026

 Days On Market (DOM): 14

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Lat/Long: 37.821599, -122.254173.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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