3600 Dimond Ave | Oakland, CA 94602
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- LoopNet Team
3600 Dimond Ave
Oakland, CA 94602
Assumable 3.15% (Dec 2028) Financing · Multifamily Property For Sale
·
30 Units
INVESTMENT HIGHLIGHTS
- Assumable loan with 7-year fixed term which is set until December 1, 2028 at 3.15%. See “Assumable Loan Details” for more.
- Offers buyer the rare instance in today’s market to acquire an asset yielding positive leverage with under market loan rates.
- Banked Rents with an additional 4.60% banked rent increase on units remains for the incoming buyer.
- Soft Story Exempt as the multi-family property was removed from Oakland’s soft story list after engineer review in 2012.
- Nearby shopping within walking distance to outstanding Dimond District area shops, markets, restaurants, bars, and coffee houses.
PROPERTY FACTS
| No. Units | 30 | Building Size | 19,017 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.31/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | RM-4 - RM-4 (Mixed Housing Type Residential – 4 Zone) | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 19,017 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1964 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | RM-4 - RM-4 (Mixed Housing Type Residential – 4 Zone) |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
- Bicycle Storage
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 576 - 579 |
| 2+1 | 3 | - | 803 |
| 2+2 | 6 | - | 878 |
| Studios | 3 | - | 324 |
PROPERTY TAXES
| Parcel Number | 029A-1302-035-01 | Improvements Assessment | $3,309,687 |
| Land Assessment | $1,207,422 | Total Assessment | $4,531,591 |
PROPERTY TAXES
Parcel Number
029A-1302-035-01
Land Assessment
$1,207,422
Improvements Assessment
$3,309,687
Total Assessment
$4,531,591
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