Davide F. Pio & Brian Baniqued of BCRE are proud to present 3600 Dimond Ave. in Oakland. 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%.  As future tenants vacate these premiums could be attained with additional in-unit modernizing. There remains an additional 4.60% banked rent increase on units.

Located in the Upper Dimond District in Oakland, the property is at the end of the street allowing access to vibrant Dimond Park. Within a short walking distance are access to grocery stores, coffee shops, and other retailers including Safeway, Starbucks, Peets, and CVS. Short drive to the freeway on/off ramps, central to San Francisco, Oakland, and San Jose downtowns and airports, and close access to the Fruitvale BART station.

Representation – Seller