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. Proforma CAP rate of 6.44% The property's location is a significant draw for tenants, offering easy access to shops, restaurants, cafés, 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.
70 days
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217
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7
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Zillow last checked:
Listing updated:
Listed by:
Tanja OdzakDRE #01992169415-722-0472,
eXp Realty of California
Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41137615
Facts & features
Interior
Heating
Wall Furnace, Central
Cooling
No Air Conditioning
Appliances
Included: Dryer, Washer, Gas Water Heater
Laundry: Coin Operated, Common Area, Dryer, Washer
Features
Flooring: Other
Basement: None
Interior area
Total structure area: 6,166
Total interior livable area: 6,166 sqft
Property
Parking
Total spaces: 6
Parking features: Off Street, Parking Lot, Assigned, Space Per Unit - 1