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$ 1,625,000
Est. payment | /mo
4,800 Sqft Lot
$ 1,625,000
Est. payment | /mo
4,800 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Adams Point
MLS Listing ID 41129995
HOA Y/N No
Year Built 1957
Lot Size 4,800 Sqft
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 6.44% 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.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Others
Tax ID 97314
Listed by Willem Bos COMPASS #02013980
NEARBY SCHOOL & BUSINESS
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