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.

Based on information submitted to CRMLS as of September 17, 2026 5:49 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Name

Your Email Address

Phone

Message Send me the deed for 550 Fairmount Avenue Oakland CA 94611 (ID#:41148486)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 550 Fairmount Avenue Oakland CA 94611 (ID#:41148486)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 550 Fairmount Avenue Oakland CA 94611 (ID#:41148486)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Listing Tools

Property Details of 550 Fairmount Avenue

Property Details

Basic Information

Building

Location

Exterior Features

Featues

Community

Area

Map Location

Santa Rosa

Hi there! How can we help you?

Listing Tools

Hi there! How can we help you?

Property Details of 550 Fairmount Avenue

Property Details

Basic Information

Building

Location

Exterior Features

Featues

Community

Area

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Santa Rosa