31 Croxton Ave, Oakland, CA 94611
31 Croxton Ave, Oakland, CA 94611
31 Croxton Ave, Oakland, CA 94611
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,675,000
Est. payment /mo
4,800 Sqft Lot
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UPDATED:

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 6.42% 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

Interior

Heating Natural Gas

Cooling None

Fireplace No

Appliance Gas Water Heater, Dryer, Washer

Others

Tax ID 97314

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Listed by Willem Bos COMPASS #02013980

NEARBY SCHOOL & BUSINESS

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