550 Fairmount Ave
Oakland, CA 94611
0
Bed
0
Bath
6,900Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Heating: Yes Heating: Baseboard Has Cooling: Yes Cooling: None
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Building Information
Year Built: 1963Construction Materials: StuccoPrivate Pool: No
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Lot Information
Main Square Feet: 6900 Lot Size Acres: 0.1584 Lot Size Square Feet: 6,900 Lot Description: CornerLotProperty Information
Subdivision: OAKLAND Source Property Type: ResidentialIncome Property Age: 63
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Listing Price Information
Listing Price: $2295000
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Tax Information
Parcel Number: 1081421
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Parking Information
Parking Total: 10
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Location Information
Direction: Cross Street: Moss Ave.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Shepherd Canyon Road, Oakland, CA, 94611 | $820,000 | 4 | 2 | 1,778 | -- |
| Skyline Boulevard, Oakland, CA, 94611 | $1,575,000 | 3 | 2 | 1,543 | -- |
| Sayre Drive, Oakland, CA, 94611 | $1,999,950 | 5 | 4 | 3,808 | -- |
| 25 Diablo Dr, Oakland, CA, 94611 | $2,358,000 | 3 | 4 | 3,370 | 7,384 Sq. Ft |
| Sayre Drive, Oakland, CA, 94611 | $1,889,950 | 5 | 4 | 3,808 | -- |
| Pinehaven Road, Oakland, CA, 94611 | $1,500,000 | 5 | 5 | 2,762 | 12,667.25 Sq. Ft |
| Sayre Drive, Oakland, CA, 94611 | $1,999,950 | 5 | 4 | 3,808 | 5,915.45 Sq. Ft |
| 2170 Arrowhead Dr, Oakland, CA, 94611 | $995,000 | 3 | 3 | 2,490 | 9,910 Sq. Ft |
| 6855 Gunn Dr, Oakland, CA, 94611 | $1,400,000 | 3 | 2 | 1,675 | 8,720 Sq. Ft |
| 7081 Elverton Dr, Oakland, CA, 94611 | $1,195,000 | 4 | 3 | 2,981 | 13,779 Sq. Ft |
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ByOwner last updated this listing 09/19/2026 @ 03:57
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