Juan Santos - Coldwell Banker Commercial Real Estate Solutions Logo
$1,325,000
 $7,113 est/mo Sourced by Back At You

3257 Delaware St,Oakland, CA 94602

Oakland, CA 94602

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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.

Details

MLS #41124205
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site187
Listing Provided ByCOMPASS | Willem Bos

Features

Units5
Acreage0.13

Interior

CoolingSee Remarks
HeatingSee Remarks
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

Construction MaterialsStucco
Lot FeaturesStreet Level

Area Information

StateCA
CountyAlameda
CityOakland
Zip Code94602
Community NameDIMOND DISTRICT
Listing VS Median (in DIMOND DISTRICT)
Price:
$1,325,000
low | high
Med:
$0
On site:
187
low | high
Med:
Sourced by Back At You

Market Activity 94602

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Learn More About This Property

Juan Santos

Juan Santos

Coldwell Banker Commercial

02246273 (714) 862-7164juan.santos@cbhomesource.com
StateCA
CountyAlameda
CityOakland
Zip Code94602
Community NameDIMOND DISTRICT
Listing VS Median (in DIMOND DISTRICT)
Price:
$1,325,000
low | high
Med:
$0
On site:
187
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $993K - $1.656M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
3558 Maple Ave Property Photo 1
$1,388,000
3558 Maple Ave
Oakland, CA 94602
Listing Updated: August 21, 2026 at 10:56:19 PM PDT

Juan Santos - Coldwell Banker Commercial Real Estate Solutions