31 Croxton AveOakland, CA 94611
ADAMS POINT · Alameda County
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 6.44% cap rate and 9.81 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.
Property Information
- Property type
- Residential Income
- Year built
- 1957
- Lot size
- 0.11 acres
- Days on market
- 187
- MLS® Listing#
- 41129995
Property Features
- Appliances
- Gas Water Heater · Dryer · Washer
- Cooling
- None
- Heating
- Natural Gas
- Construction
- Stucco
- Parcel number
- 97314
Directions
Cross Street: Piedmont Ave.
Listing Courtesy: COMPASS - 4156609955
Presented by: Willem Bos
Licensed in the state of California.
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