304 Fairmount Ave, Oakland, California 94611, Oakland, 94611 - 0 bed, 0 bath
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Oakland, California 94611
This 1928 vintage fourplex presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well above the $1,031,082 Fair Market Value by -16%. Featuring generous 1-bedroom units and a Condition Rating of 5, the property requires significant capital expenditure to modernize systems and address deferred maintenance. Located in the desirable Adams Point neighborhood, this asset offers strong rental demand for Buy-and-Hold Investors or Value-Add Developers seeking to capture long-term appreciation through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 304 Fairmount Ave Subject | $1,200,000* List Price | 0 | 0 | 3,836 | $269 | - |
A 219 John St Pending | $1,100,000 List Price | 0 | 0 | 3,914 | $281 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928 with no mention of recent renovations; the listing emphasizes 'value-add' and 'incredible upside,' which typically indicates original or severely dated kitchens, baths, and systems. Aerial photos show a heavily patched and aging roof, suggesting the property requires significant rehab to meet modern standards.
Situated in one of Oakland’s most desirable neighborhoods near Lake Merritt and BART, the property offers exceptional walkability and high demand for renters.
The 1928 vintage construction provides a classic foundation with 'incredible upside,' allowing investors to capture market-rate rents through strategic renovations.
With over 3,800 square feet across only four units, these oversized one-bedroom layouts offer a spaciousness that is rare for the area and highly attractive to quality tenants.
Built in 1928, the property likely requires significant capital expenditure for modernizing systems, seismic retrofitting, or addressing deferred maintenance common in vintage buildings.
The assigned elementary and middle schools have low ratings (2/10), which may limit the long-term tenant pool to those without school-aged children.
Timeless Oakland Fourplex in a Prime Location with Incredible Upside! 304 Fairmount Ave features four generously sized 1-bedroom, 1-bath units within a classic property full of vintage charm and character. Conveniently situated near BART, Lake Merritt, popular restaurants, grocery stores, and daily essentials, this property offers exceptional accessibility and neighborhood appeal. An attractive opportunity for investors or owner-users seeking a property with strong income potential, future growth, and value-add possibilities in one of Oakland’s most sought-after areas.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
Grades 2-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,836 | 3,258 | 50% |
| Lot Size | 6,250 | 5,925 | 50% |
| Price | $1.20M | $1.04M | 75% |
| Price per sq ft | $313 | $290 | 50% |
| Built year | 1928 | 1919 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 149 | 25% |
May 22, 2026
$1,200,000
Initial Listing
Sep 8, 2010
$520,000
Public Record