Berkadia is pleased to present the opportunity to acquire 3541 Dimond Avenue, (the “Property'' or 3541 Dimond''), 13 well-maintained units located in a thriving and walkable Oakland neighborhood. Owned by the same family for more than forty-five years, 3541 Dimond is offered for sale at a ±6.93% in-place cap rate which equates to a compelling cost basis of less than $127,000 per unit. Cash flow upside can be realized through the capture of the Property's ±25% in-place loss-to-lease by marking units to market rent upon unit turnover. Investors have the opportunity to implement additional repositioning premiums of ±230 per unit through renovations, realizing a ±13% increase upon stabilization on potential rental income. Benefitting from its low basis and a preferred location that is surrounded by +200,000 jobs, 3541 Dimond is a limited risk investment that combines these solid fundamentals with a strong initial yield and substantial upside.