77 Fairmount Ave 220, Oakland, California 94611, Oakland, 94611 - 2 bed, 2 bath
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Oakland, California 94611
This Turnkey Adams Point Condominium represents a High-Potential Investment Opportunity, listed at $399,000—positioned well below the $451,112 Fair Market Value by 11%. This strategic pricing offers $52,112 in Instant Equity. The unit maintains a Good Condition Rating, featuring a Granite Kitchen, stainless appliances, and a scenic Pool and City View. Located near Top-Rated Schools like Lincoln Elementary, it balances immediate rental income with long-term appreciation potential. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking for a value-driven urban residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 77 Fairmount Ave 220 Subject | $399,000* List Price | 2 | 2 | 1,165 | $387 | - |
A 66 Fairmount Ave #316 316 Sold | $429,000 | 2 | 2 | 1,003 | $428 | 0.0 mi |
B 567 Oakland Ave. 101 Sold | $399,000 | 2 | 2 | 1,078 | $370 | 0.6 mi |
C 3750 Harrison St 302 Sold | $500,000 | 2 | 2 | 1,133 | $441 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready with notable interior updates including granite countertops, stainless steel appliances, and renovated bathrooms. While the building was constructed in 1970, the unit features well-maintained flooring, contemporary paint, and updated fixtures that align with the 'good' condition criteria.
Situated in the highly desirable Adams Point neighborhood, the property offers excellent proximity to Lake Merritt and downtown Oakland, ensuring strong long-term demand.
The property is a turnkey investment opportunity with reliable tenants already in place and paying rent, providing instant income for the new owner.
The unit features contemporary finishes including granite countertops, stainless steel appliances, and updated bathrooms, reducing the need for immediate capital improvements.
The association fee of $846 per month is significantly high, which may impact the net ROI for investors and overall affordability for owner-occupants.
Constructed in 1970, the building may lack modern energy-efficient features and could face higher long-term maintenance costs compared to newer developments.
While the elementary and high schools are highly rated, the assigned middle school has a low rating of 2, which may be a concern for families prioritizing education.
Terrific investment opportunity in Adams Point! Tenants in place and paying rent! Lovely two bedroom, two bath condominium home in Adams Point. Featuring granite counters, stainless steel appliances and updated baths. Very large bedrooms. Lovely view overlooking the pool and downtown Oakland.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 0.1 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 57% |
| Baths | 2.0 | 1.0 | 71% |
| Square foot | 1,165 | 786 | 93% |
| Lot Size | 29,285 | 23,383 | 68% |
| Price | $399.0K | $398.5K | 50% |
| Price per sq ft | $342 | $498 | 4% |
| Built year | 1970 | 1972 | 46% |
| HOA | $846.0 | $575 | 93% |
| Days on market | 76 | 200 | 25% |
Feb 5, 2026
$399,000
Initial Listing
Apr 5, 2012
$180,000
Public Record
Oct 23, 2006
$412,500
Public Record