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$ 1,325,000
Est. payment /mo
Price Dropped by $25K
3257 Delaware St Oakland, CA 94602
5,754 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Dimond District
MLS Listing ID 41124205
HOA Y/N No
Year Built 1955
Lot Size 5,754 Sqft
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 $1.325M, the property delivers a compelling 6.49% CAP rate and 9.94 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.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Total Parking Spaces 5
Building
Lot Description Street Level
Others
Tax ID 2894824
Virtual Tour https://bosgroupcre.com/3257-delaware-st/
Listed by Willem Bos COMPASS #02013980
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