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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Willem Bos, DRE #02013980 • COMPASS

$ 1,325,000

Est. payment | -/mo

6 Beds

4 Baths

4,068 SqFt

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$ 1,325,000

Est. payment | -/mo

Save

6 Beds

4 Baths

4,068 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,068 sqft

Price per Sqft $325

MLS Listing ID EB41124205

Bedrooms 6

Year Built 1955

Lot Size 5,756 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

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

Area Oakland Zip Code 94602

Interior

Cooling Other

Flooring Other

Laundry Other

Exterior

Exterior Feature Stucco

Parking Features Off-Site Parking

Garage Spaces 5.0

Roof Type Other

Building

Lot Description Grade - Level

Others

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

3257 Delaware St Oakland, CA 94602