3257 Delaware St, Oakland, CA 94602
3257 Delaware St, Oakland, CA 94602
3257 Delaware St, Oakland, CA 94602
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$1,350,000
Est. payment /mo
4,068 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,068 sqft

Price per Sqft $331

Subdivision Dimond District

MLS Listing ID 41124205

HOA Y/N No

Year Built 1955

Lot Size 5,756 Sqft

Acres 0.13

Property Sub-Type Multi Family

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.

Location

State CA

County Alameda

Rooms

Basement None

Interior

Heating Other

Cooling Other

Flooring Other

Fireplace No

Laundry Other

Building

Lot Description Level

New Construction No

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Bridge MLS
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Listed by Willem Bos • COMPASS

NEARBY SCHOOLS & PROPERTIES

Danielle Broad

+1(925) 383-9200

danielle.broad@exprealty.com

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