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The One Luxury Properties
31 Croxton Ave, Oakland, CA 94611
- $1,625,000
- List Price
- $1,625,000
- Status
- ACTIVE
- Days on Market
- 186
- Price Change
- ▼ $50,000 1780115202
- MLS#
- 41129995
- Subtype
- Residential Income
- Year Built
- 1957
- Lot Size
- 4,800
- Acres
- 0.11
- Subdivision
- Adams Point
- Neighborhood
- Adams Point
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.
Additional Information
- Appliances
- Gas Water Heater, Dryer, Washer
- Heating
- Natural Gas
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
Mortgage Calculator
Listing courtesy of Listing Agent: Willem Bos (willem@bosgroupcre.com) from Listing Office: COMPASS.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.