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3525 Dimond , Oakland, CA 94602
Priced at Only: $6,750,000
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Address: 3525 Dimond , Oakland, CA 94602
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  • MLS#: 41125456 ( )
  • Street Address: 3525 Dimond
  • Viewed: 1
  • Price: $6,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 1
  • Additional Information
  • County: ALAMEDA
  • City: Oakland
  • Zipcode: 94602
  • Subdivision: Dimond District
  • Provided by: NAI Northern California
  • Contact: Samuel Samuel
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Introducing a rare large scale value add opportunity in Oaklands established residential corridor. This 42 unit, 22,361 square foot multifamily asset presents investors with substantial lease up and repositioning potential. The property is currently operating with significant vacancy, offering a rare chance to reset rents to market levels and implement strategic interior upgrades without waiting for natural turnover. In place rents show notable variance, highlighting clear upside through improved management, renovations, and optimized tenant mix. Zoned RM 4 and constructed in 1963, the building provides scale and density that are increasingly difficult to replicate in todays regulatory environment.
Features
Association Fee
  1. 0.00
Cooling
  1. None
Heating
  1. Natural Gas
  2. Wall Furnace
Netoperatingincome
  1. 571102.00
Parcel Number
  1. 29A1301161
Roof
  1. Tar/Gravel
Sourcesystemkey
  1. 41125456:BMLS
Subdivision Name Other
  1. DIMOND DISTRICT
Year Built
  1. 1963
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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