3257 Delaware St, Oakland, CA 94602
- $1,350,000
Listed by Willem Bos, (916) 698-9954 from COMPASS
(If provided) CoList: from
- List Price
- $1,350,000
- MLS#
- EB41124205
- Status
- ACTIVE
- Lot Size
- 5,756
- Listing Area
- Oakland Zip Code 94602
- Year Built
- 1955
Property Description
3257 Delaware, a rare and well-located 5-unit multifamily property in Oakland's highly desirable Dimond District, positioned just above Interstate 580. Offered at $1.35M, the property delivers a compelling 6.15% CAP rate and 10.26 GRM, providing strong day-one cash flow with clear long-term upside. This sizable asset features a highly attractive unit mix consisting of two oversized two-bedroom units with dedicated dining areas, two spacious one-bedroom one-bath units, and an exceptional three-bedroom two-bath unit currently rented at $3,200 per month. The larger unit sizes are well aligned with sustained tenant demand in the Dimond District, where renters consistently pay premiums for space, walkability, and neighborhood quality. From a location standpoint, the property is ideally situated in one of Oakland's most stable rental submarkets. The Dimond District is known for its residential charm, proximity to Dimond Park, local retail along MacArthur Boulevard, easy freeway access, and a strong tenant base drawn to the area's neighborhood feel combined with urban convenience. These fundamentals support both consistent occupancy and long-term rent growth.
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Additional Information
- Acres
- 0.13
- Amenities
- Other
- Cooling System
- Other
- Exterior Features
- Stucco
- Floor Covering
- Other
- Garage Parking
- Off-Site Parking
- Laundry Facilities
- Other
- Lot Description
- Grade - Level
- Lot Size
- 5,756
- Neighborhood
- Oakland Zip Code 94602
- Numberof Units
- 5
- Roof
- Other
- Unincorporated Yn
- Yes
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