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Listed by: Willem Bos (916) 698-9954 DRE #02013980 | COMPASS (415) 660-9955
$2,295,000
Monthly Est:$11,423
-- Bed
-- Bath
--sqft
550 Fairmount Ave, Oakland, CA 94611
$2,295,000
$11,423/moEst:
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Multi Family
Built in 1963
$-- HOA
6,900 sqft lot
--/sqft
Description
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.
- Houzeo last checked: 6 minutes ago
- Listing updated: October 2, 2026 at 9:14 pm
- Source: California Regional MLS-CA | MLS#: 41148486
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1963
HOA Fees
-
Finished Area
- sqft
Lot Size
6,900 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
41148486
MLS Status
Pending
Days on Market
52
Cumulative Days on Market
16
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Cooling
None
Heating
Baseboard
Construction
Year Built
Year Built: 1963
Home type
Multi Family
Construction Materials
Stucco
Other Features
Subdivision Name
Oakland
Lot Features
Corner Lot
Tenant Pays
Gas
Price History
| Date | Event | Price |
|---|---|---|
10/01/2026 Source: | Pending | $2,295,000 $0/sqft |
09/15/2026 Source: | Listed for Sale | $2,295,000 $0/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 08, 2026, 11:00AM 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. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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