3525 Dimond Ave
- First time on market in 25 years!
- Rare opportunity to acquire 42 units in Oakland desirable Glenview/ Dimond district
- Significant vacancy allowing immediate access to renovate and stabilize at market rents
- Building amenities include: On site parking, courtyard for residents, on-site laundry, and elevator
Property Description
Presenting Dimond Apartments, a premier investment opportunity to acquire 42 units in the highly coveted Glenview/Dimond district of Oakland. Originally constructed in 1963, this commanding 22,361-square-foot mid-rise building offers a rare "blank canvas" for investors seeking significant upside. With nearly half of the units currently vacant, new ownership has an immediate, unhindered path to renovate and lease-up the property at market rates. The building features a high-demand unit mix consisting primarily of efficient one-bedroom and two-bedroom apartments, including two signature penthouses on the top floor. Residents enjoy expansive views of the Oakland Hills and Dimond District through large windows that flood the units with natural light. On-site amenities include a large central courtyard, dedicated parking, laundry facilities, and elevator access. Offered at an attractive entry basis, Dimond Apartments is a strategic repositioning play designed to capture peak market rents and deliver outstanding long-term returns in a thriving neighborhood.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,950,000 |
| No. of Units: | 42 |
| Year Built: | 1963 |
| Lot Size: | 0.31 Acres |
| Opportunity Zone: | No |
| Price per unit: | $141,667 |
| Property Website | Click Here |
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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Andrew Schildcrout