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| 385 Fairmount Ave. Oakland |
| Fairmount Manor |
| Status |
Sold |
| Price |
$1,400,000 |
| Category |
Commercial |
| Number of Units |
16 |
| Style |
Modern |
| Year Built |
1960 |
| MLS |
40027397 |
| Description |
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Modern, well kept apartment building. Conveniently located to Downtown, Shops, I580, and Public Transportation. Large Units, Some w/Views, Swimming Pool, Separate Meters. Corner Lot. |
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| Comments |
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| Property Information |
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Building Sq. Ft. |
13216 |
Lot Sq. Ft. |
12500 |
Roof |
Tar & Gravel |
Date Listed |
07/15/04 |
Date Sold |
10/01/04 |
Sale Price |
$1,500,000 |
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Investment Information |
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Price |
$1,400,000 |
Down Payment |
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Loan Amount |
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Current Cap Rate |
0.08 |
Market Cap Rate |
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Current GRM |
8.90 |
Market GRM |
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Scheduled Gross Income |
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Rents |
$157,248 |
Reserve vacancy at |
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Laundry |
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Parking |
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Net Rental Income |
$157,248 |
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Operating Expenses |
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| Property Taxes |
$21,188 |
| Building Insurance |
$6,400 |
| Rent Registration |
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| Business License |
$2,339 |
| Gas & Electric |
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| Water & Garbage |
$10,520 |
| Total Operating Expenses |
$40,447 |
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