385 Fairmount Ave
Multifamily | 16 Units | $131,250/unit
Marketing description
385 Fairmount Ave is situated within a quiet residential neighborhood just minutes from Piedmont Avenue, one of Oakland’s top premier retail corridors, offering residents immediate access to boutique shops, acclaimed dining, and historical Oakland sites such as the Landmark Piedmont Theatre. The property is also less than a 15-minute walk from Kaiser Permanente Oakland Medical Center, which operates approximately 345 beds with 1,400–1,500 full-time staff. Occupying one of Oakland’s most desirable locations, the property provides stable tenant demand and presents a unique opportunity to drive income growth and long-term asset value through strategic unit renovations. In addition, the asset benefits from its proximity to downtown Oakland/Uptown, offering a diverse array of eateries and shopping options as well as access to cultural institutions, including the Oakland Museum of California, Fox Theater, Paramount Theatre and more.
Investment highlights
- $131,250 Price Per Unit
- $159 Price Per SF
- Receivership Sale - Subject to Overbid Hearing
- Units Potentially Subject to Code Compliance Relocation Program and Move-Back Option
- Tuck Under Parking
- Swimming Pool
- Easy Access to San Francisco Via I-580
- 3 Minute Drive to 19th St BART Station
- Very Walkable - Walk Score 88
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