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$ 1,675,000
Est. payment /mo
Active
31 Croxton Ave Oakland, CA 94611
4,640 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,640 sqft
Price per Sqft $360
Subdivision Adams Point
MLS Listing ID 41129995
HOA Y/N No
Year Built 1957
Lot Size 4,800 Sqft
Acres 0.11
Property Sub-Type Multi Family
Property Description
31 Croxton Ave is an eight-unit multifamily property located in Oakland's highly desirable Piedmont Avenue neighborhood. The building features eight large 1-bedroom, 1-bath units and currently generates over $13,000/month in rental income, offering a 6.42% cap rate and 9.9 GRM at the asking price of $1,675,000. This equates to approximately $209,000 per unit and $361/SF. The property offers strong upside potential through unit renovations and future rent increases. Buyer to verify potential to reconfigure units or add bedrooms. The building is soft-story compliant and has completed SB 721 balcony requirements. Also is separately metered for Gas and electricity. Ideally located within walking distance to Piedmont Ave shops and dining, BART, and adjacent to Adams Point, this is a well-positioned asset in one of Oakland's most sought-after rental markets. A turnkey investment with immediate cash flow and long-term upside.
Location
Province CA
County Alameda
Rooms
Basement None
Interior
Heating Natural Gas
Cooling None
Flooring Hardwood, Carpet
Fireplace No
Appliance Dryer, Washer, Gas Water Heater
Laundry Common Area
Exterior
Utilities Available Individual Electric Meter, Individual Gas Meter
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
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Listed by Willem Bos • COMPASS