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Listed by Samuel Hayes • NAI Northern California
$ 6,250,000
Est. payment /mo
Active
3525 Dimond Oakland, CA 94602
22,361 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Midrise (4-6 Flrs)
Listing Status Active
Purchase Type For Sale
Square Footage 22,361 sqft
Price per Sqft $279
Subdivision Dimond District
MLS Listing ID 41125456
HOA Y/N No
Year Built 1963
Lot Size 0.310 Acres
Property Sub-Type Midrise (4-6 Flrs)
Source Bridge AOR
Property Description
Introducing a rare large-scale value-add opportunity in Oakland's 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 today's regulatory environment.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Laminate, Stone, Vinyl, Carpet, Other
Fireplace No
Building
Lot Description See Remarks
Others
Special Listing Condition Standard
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