3525 Dimond Ave - Apartments FOR SALE


Oakland, CA 94602- Lower Hills District
$6,750,000 USD
510-759-6844
3525 Dimond Ave, Oakland, CA for Sale
$6,750,000 USD
Apartments - FOR SALE
1/33
null | 8.46% Cap Rate

3525 Dimond Ave
Oakland, CA 94602
Lower Hills District


HIGHLIGHTS

  • Significant vacancy providing immediate lease-up upside
  • 22,361 SF multifamily asset
  • Strong long-term fundamentals in Oakland’s resilient rental market
  • Zoned RM-4 (High-Density Residential)

OVERVIEW

Introducing a prime opportunity for multifamily/mid-rise investors: a commanding 22,361 SF building boasting 42 units, originally constructed in 1963. Zoned RM-4 and strategically situated in the sought-after Oakland area, this property presents a compelling investment prospect. With its timeless appeal and spacious layout, this property offers a solid foundation for potential growth and ample rental income. Discover the potential for capitalizing on this well-maintained gem, ideally positioned in a thriving commercial real estate market. Don't miss the chance to add this impressive property to your investment portfolio and reap the benefits of its strategic location and promising future growth.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

42

PRICE/UNIT

$160,714

CAP RATE

8.46%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1963

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,543 SF

ZONING

R-50, Oakland

APN/PARCEL ID

029A-1301-016-01

ASK ABOUT THIS PROPERTY

Sam HayesNAI Northern CaliforniaMore Info
510-759-6844

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Sam HayesNAI Northern CaliforniaMore Info
510-759-6844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.