Multifamily Housing
221 Fairmount Avenue Oakland, CA 94611
Details & Description
Price: $1,650,000
    Team Chappell of NAI Northern California is pleased to announce their latest sale of this meticulously maintained fourplex in Adams Point. Built in 1927, 221 Fairmount Ave is a four-unit building consisting of three very large 2-bedroom, 1-bathroom units and one 2-bedroom, 2-bathroom unit. The property also features three non-conforming units including two 1-bedroom, 1-bathroom units and a studio apartment. No detail has been spared as the majority of units feature top-of-the-line renovations including new kitchens, baths, flooring, lighting, electrical, and plumbing. The building itself has been meticulously maintained with newer water heaters, furnaces, and electrical systems throughout. The nearly vacant building in a prime location creates a unique opportunity that is rarely available.221 Fairmount Ave is located in the Adam's Point/ Westlake neighborhood in Oakland. This highly sought after location is within walking distance to some of Oakland's top neighborhoods including Grand Lake, Piedmont Avenue, and downtown. Local favorites such as Whole Foods, Zachary's Pizza, and the Star on Grand are all only a few blocks away. The commuter central location with easy access to 19th Street BART, I-580, I-880, I-980, provides ease of transportation to main hubs in downtown Oakland and San Francisco.
    Property Highlights
    Additional Photos
    Listing Agents
    Jonathon Burmenko

    O: 510-346-5788
    M: 925-876-8336
    jburmenko@nainorcal.com
    Sam Hayes

    O: 415-226-1508
    M: 510-759-6844
    shayes@nainorcal.com
    Robert Chappell
    NAI NorCal
    O: 916-712-3990
    M: 916-712-3990
    rchappell@nainorcal.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    221 Fairmount Avenue

    Oakland, CA 94611

    Listing ID: 250854
    • 221 Fairmount Avenue Oakland, CA 94611 | for Sale | Photo 1
    • 221 Fairmount Avenue Oakland, CA 94611 | for Sale | Photo 2
    • 221 Fairmount Avenue Oakland, CA 94611 | for Sale | Photo 3
    • 221 Fairmount Avenue Oakland, CA 94611 | for Sale | Photo 4
    • 221 Fairmount Avenue Oakland, CA 94611 | for Sale | Photo 5
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    Building Size: 5,384 SF
    Lot Size: 0.110 AC
    Land Size: 4,791 SF
    Building $/SF: $306.46
    Land $/SF: $344.40
    Price
    $1,650,000
    Property Highlights
    Sold off market to a local non-profit
    Delivered 6-7 units vacant
    Massive approximately 1100 SF 2-bedroom, 1-bathroom units
    Over 7 cap rate potential on market rents with all units rented
    All-cash offer
    Sought-after Adams Point location
    Pride-of-ownership asset with top-of-the-line renovations in majority of units and capital expenditures
    Description

    Team Chappell of NAI Northern California is pleased to announce their latest sale of this meticulously maintained fourplex in Adams Point. Built in 1927, 221 Fairmount Ave is a four-unit building consisting of three very large 2-bedroom, 1-bathroom units and one 2-bedroom, 2-bathroom unit. The property also features three non-conforming units including two 1-bedroom, 1-bathroom units and a studio apartment. No detail has been spared as the majority of units feature top-of-the-line renovations including new kitchens, baths, flooring, lighting, electrical, and plumbing. The building itself has been meticulously maintained with newer water heaters, furnaces, and electrical systems throughout. The nearly vacant building in a prime location creates a unique opportunity that is rarely available.

    221 Fairmount Ave is located in the Adam's Point/ Westlake neighborhood in Oakland. This highly sought after location is within walking distance to some of Oakland's top neighborhoods including Grand Lake, Piedmont Avenue, and downtown. Local favorites such as Whole Foods, Zachary's Pizza, and the Star on Grand are all only a few blocks away. The commuter central location with easy access to 19th Street BART, I-580, I-880, I-980, provides ease of transportation to main hubs in downtown Oakland and San Francisco.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Oakland History of Multifamily Housing for Sale

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    Oakland Area Market Trends

    Listing Demographics for 221 Fairmount Avenue Oakland, CA 94611

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population54,018281,009551,296
    Population Median Age414039
    Population by Age0-9 Yrs3396 (6%)26024 (9%)51509 (9%)
    10-19 Yrs2613 (4%)21635 (7%)57165 (10%)
    20-29 Yrs10359 (19%)47710 (16%)98018 (17%)
    30-39 Yrs13679 (25%)57063 (20%)96476 (17%)
    40-49 Yrs7439 (13%)39699 (14%)74984 (13%)
    50-59 Yrs5699 (10%)32389 (11%)63320 (11%)
    60-69 Yrs5438 (10%)29421 (10%)58263 (10%)
    70+ Yrs5394 (9%)27068 (9%)51560 (9%)
    Median HH Income$79,567$85,289$85,102
    Total Household Income< 24K5362 (19%)22468 (18%)39519 (17%)
    25-49K4111 (14%)17777 (14%)33094 (14%)
    50-74K3724 (13%)15068 (12%)28620 (12%)
    75-99K3914 (14%)13191 (10%)24290 (10%)
    100-199K7413 (26%)31255 (25%)57915 (26%)
    200K+3300 (11%)21726 (17%)38660 (17%)
    Highest Education LevelNo Diploma37322367244734
    Diploma or GED48242560946537
    Some College64143140260594
    Assoc. Degree26761283322541
    Bachelors Degree1573369189123975
    Higher Degree1209655279102203
    Total Housing Units29,542130,125237,682
    --Owner-Occupied5,46143,91489,719
    --Renter-Occupied22,36477,570132,379
    Owner-Occupied Values< 100K1247231507
    100-199K1385471407
    200-299K26315533230
    300-399K39731285816
    400-499K66537127070
    500K+38743425170691
    Total Working Age Population48,853240,686469,878
    In Work Force36,259172,057319,769
    Not In Work Force12,59468,629150,110
    Workforce Employed34,594162,322301,508
    Workforce Unemployed1,6569,17416,993
    Civlian Workforce36,251171,496318,501
    Military Workforce85611,268
    Total Households27,825121,484222,098
    Family Households9,07057,148111,084
    Non-Family Households18,75464,336111,014
    Married Couple6,77740,81379,790
    Other Family2,29316,33631,294
    Married w/Child2,24016,10232,704
    Single Male w/Child2791,7683,342
    Single Female w/Child7585,34110,542

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    California33,871,648+1037,253,956+940,467,295+843,631,295
    Alameda County1,443,741+51,510,271+121,696,752+101,861,027
    Contra Costa County948,816+111,049,025+121,171,305+111,296,786
    Marin County247,289+2252,409+4263,085+2267,912
    San Francisco County776,733+4805,235+12903,294+8976,481

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

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    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 221 Fairmount Avenue in Oakland?
    The asking price for 221 Fairmount Avenue is $1,650,000
    What is the building size of this Multifamily property in Oakland, CA?
    The size of the building/unit at 221 Fairmount Avenue in Oakland is 5,384 square feet
    How much land does the Oakland, CA property at 221 Fairmount Avenue include?
    221 Fairmount Avenue in Oakland includes 0.110 acres of land
    What is the population within 1 mile of 221 Fairmount Avenue in Oakland?
    The population within 1 mile of 221 Fairmount Avenue Oakland, CA 94611 is 54,018 people.
    Who do I contact for questions about 221 Fairmount Avenue?
    You should contact the listing agent, Jonathon Burmenko, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Metropolitan Oakland International Airport (OAK) 7
    San Francisco International Airport (SFO) 15
    Norman Y. Mineta San Jose International Airport (SJC) 36