31 Croxton Ave, Oakland, CA 94611
31 Croxton Ave, Oakland, CA 94611
31 Croxton Ave, Oakland, CA 94611
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Willem Bos, DRE #02013980 • COMPASS
$1,675,000
Est. payment /mo
1 Bed
1 Bath
4,640 SqFt
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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 $360

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 6.42% 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.

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

Sewer Sewer - Public

Water Heater - Gas

Others

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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31 Croxton Ave

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