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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 $1.35M, the property delivers a compelling 6.15% CAP rate and 10.26 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.
Property Type(s):
Residential Income
| Last Updated | 2/16/2026 | Tract | DIMOND DISTRICT |
|---|---|---|---|
| Year Built | 1955 | County | Alameda |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| CONSTRUCTION | Stucco |
| HEAT | See Remarks |
| LOT | 5754 sq ft |
| LOT DIMENSIONS | 5756 |
| SUBDIVISION | DIMOND DISTRICT |
Location
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Listed with COMPASS
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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