Dimond Apartments

Discover the vibrant community surrounding Dimond Apartments, located in the heart of Oakland, CA. This dynamic neighborhood boasts a myriad of attractions, including the historic Oakland Zoo, verdant Redwood Regional Park, and the bustling Dimond District with its eclectic mix of dining, shopping, and entertainment options. Investors will appreciate the area's strategic proximity to public transportation, major highways, and employment centers, making it an ideal location for a multifamily/mid-rise property. Residents can enjoy a balanced lifestyle with access to outdoor recreation, cultural experiences, and urban conveniences, positioning the property as an enticing investment opportunity in this thriving and sought-after locale.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.