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3525 Dimond Ave 42 Unit Apartment Building $6,750,000 ($160,714/Unit) 8.46% Cap Rate Oakland, CA 94602
Investment Highlights
- Significant vacancy providing immediate lease-up upside
- Strong long-term fundamentals in Oakland’s resilient rental market
- 22,361 SF multifamily asset
- Zoned RM-4 (High-Density Residential)
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,750,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $160,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 8.46% | Building Size | 33,840 SF |
| Gross Rent Multiplier | 6.69 | Average Occupancy | 97% |
| No. Units | 42 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 0.71/1,000 SF |
| Zoning | R-50, Oakland | ||
| Price | $6,750,000 |
| Price Per Unit | $160,714 |
| Sale Type | Investment |
| Cap Rate | 8.46% |
| Gross Rent Multiplier | 6.69 |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 33,840 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built | 1963 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | R-50, Oakland |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 38 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Property Taxes
| Parcel Number | 029A-1301-016-01 | Total Assessment | $4,288,100 |
| Land Assessment | $912,366 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,356,162 | Tax Year | 2025 |
Property Taxes
Parcel Number
029A-1301-016-01
Land Assessment
$912,366
Improvements Assessment
$3,356,162
Total Assessment
$4,288,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3525 Dimond Ave
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