๐ณ Multifamily Residential Income Propertyย – Dimond District, Oakland CA 94602 ๐ณ
6 units | Community Laundry | 6,166 sf ๐
โจโ๐๐๐๐๐๐๐๐ฅ๐ค ๐๐ฅ ๐ ๐พ๐๐๐๐๐ โจ
๐ฆ 3.8% CAP Rate / 5.7% Proforma CAP Rate
๐บ๏ธ Attractive Location: Dimond District
๐ช Sewer Lateral Ordinance Compliant
๐ Sidewalk Ordinance Compliant
โก๏ธ New Main Electrical Panel & Individual Unit Panels
๐งบ Onsite Community Laundry, additional income opportunity
๐งญ Individually metered for PGE
Excellent opportunity to own a well-maintained 6-unit multifamily property in Oakland’s popular Dimond District. Approximately $75,000 in capital improvements have been completed this year, helping to minimize future maintenance obligations and providing added peace of mind for the next owner. Recent upgrades include a brand new sewer lateral (compliant), new sidewalk (compliant), new asphalt driveway, new main panel and new individual electrical panels in each unit. The property is fully occupied and features individual PG&E meters, community laundry, and a low-maintenance setup that makes ownership more straightforward.
The property’s location is a significant draw for tenants, offering easy access to shops, restaurants, cafรฉs, and services that make the Dimond District such a sought-after Oakland neighborhood. Nearby Dimond Park provides abundant recreational opportunities, while convenient transit options and commuter routes connect residents to Downtown Oakland, San Francisco, and the greater Bay Area. The combination of neighborhood amenities and accessibility helps support strong tenant demand.
Properties offering recent major improvements, stable occupancy, and a sought-after neighborhood location are increasingly difficult to find. This is a rare opportunity to acquire a solid income-producing asset in one of Oakland’s most established and desirable neighborhoods.