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Listed by: Willem Bos (916) 698-9954 DRE #02013980 | COMPASS (415) 660-9955
$1,625,000
-- Bed
- -- Bath
--sqft
31 Croxton Ave, Oakland, CA 94611
$1,625,000
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Multi Family
Built in 1957
$-- HOA
4,800 sqft lot
--/sqft
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...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1957
HOA Fees
-
Finished Area
- sqft
Lot Size
4,800 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
41129995
MLS Status
Active
Days on Market
120
Cumulative Days on Market
115
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