3600 Dimond Ave

Oakland, CA, 94602

$8,250,000

$433 per ft²
$8,250,000
$433 per ft²
Active
Active
 - For Sale
carpenters-square
19,017 ft²
property_type
Commercial
calendar
Built 1964
ASSUMABLE loan at 3.15% until Dec, 2028. CURRENT BROKER TOUR SCHEDULE: Thursday, August 18th from 2.30 – 4pm + Friday, August 19 from 10 – 11.30am. The asset allows an incoming investor to assume existing financing at 3.15% until late 2028 providing the investor with rare positive leverage in today’s unique market. This 30-unit apartment has a variety of unit sizes and styles and consists of (3) studios, (18) 1 bed / 1 bath, (3) 2 bed / 1 bath, and (6) 2 bed / 2 bath units. The building has garaged and gated parking for up to 25 vehicles, on-site laundry which is owned by the landlord, additional storage space which could be rented to tenants with minor modifications, and a calm collective open atrium space for the tenants. As units have been turned, most units have been upgraded pushing up market rents to a current loss to lease of over 11.99%. There remains an additional 4.60% banked rent increase on units.
MLS® ID:
41005373
Listed:
8/13/22
Updated:
9/28/22
Sotheby's International Realty
Ann Newton Cane

Interior Features

Kitchen Appliances
Gas Water Heater
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Elevator
Floor Description
Laminate, Carpet
Cooling
Other
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.32 acres lot
Lot Details
Court, Cul-De-Sac, Level
Sewer
Public Sewer

Other Property Details

Area Name
Oakland Zip Code 94602
Garage
Yes
Parking
Attached, Below Ground Parking, Enclosed, Garage, Parking Lot
Parking Total
25.0
View
N
County
Alameda
Utilities
Sewer Connected, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter
Water Source
Public
Pool
No
Zoning
RM-4

Courtesy of BCRE, Davide Pio,
BCRE
 

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Sotheby's International Realty
Ann Newton Cane
Contact