3257 Delaware St, Oakland, CA 94602
List Price: $1.35M
Listing Status: Active
0Days on Market: 101
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1955
Lot Size: 5,756 sq ft
MLS Number: 41124205
About This Property
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.
Listing provided by: Willem Bos DRE #02013980 415-660-9955 willem@bosgroupcre.com, COMPASS
Source: CRMLS, MLS #: 41124205
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.