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Listed by Willem Bos, DRE #02013980 • COMPASS
$ 1,625,000
Est. payment /mo
Price Dropped by $50K
31 Croxton Ave Oakland, CA 94611
1 Bed
1 Bath
4,640 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,640 sqft
Price per Sqft $350
MLS Listing ID EB41129995
Bedrooms 1
Year Built 1957
Lot Size 4,800 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
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 6.65% cap rate and 9.6 GRM at the asking price of $1,625,000. This equates to approximately $203,000 per unit and $350/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
State CA
County Alameda
Area Oakland Zip Code 94611
Interior
Heating Gas
Cooling None
Flooring Carpet - Wall to Wall, Hardwood
Laundry Washer, Community Facility, Dryer
Exterior
Exterior Feature Stucco
Parking Features No Parking
Building
Lot Description Other
Water Heater - Gas
Others
Special Listing Condition Price Change, Not Applicable
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