Description
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.
Details
| MLS # | 41137615 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 81 |
| Listing Provided By | eXp Realty of California | Tanja Odzak |
Features
| Units | 6 |
|---|---|
| Acreage | 0.85 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Gas Water Heater, Dryer, Washer |
Exterior
| Construction Materials | Stucco, Wood Siding |
|---|---|
| Lot Features | Street Level |
Parking
| Parking Features | Assigned, On Street |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94602 |
| Community Name | DIMOND DISTRICT |
| Listing VS Median (in DIMOND DISTRICT) | |
Price: $1,999,000 low | high Med: $479,000 On site: 81 low | high Med: 15 | |
Market Activity 94602
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94602 |
| Community Name | DIMOND DISTRICT |
| Listing VS Median (in DIMOND DISTRICT) | |
Price: $1,999,000 low | high Med: $479,000 On site: 81 low | high Med: 15 | |
 | $789,0002028 Damuth 1Oakland, CA 94602 |
 | $435,0002207 Damuth St 1Oakland, CA 94602 |