$1,675,000
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.
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Listed by Willem Bos with COMPASS (415) 660-9955
Property Type
Residential Income
Status
Active
MLS Number
41129995
Year Built
1957
Lot Size
4,800 sq ft