31 Croxton Ave - Apartments FOR SALE


Oakland, CA 94611- Westlake
$1,675,000 USD
916-698-9954
31 Croxton Ave, Oakland, CA for Sale
$1,675,000 USD
Apartments - FOR SALE
1/35
null | 6.42% Cap Rate

31 Croxton Ave
Oakland, CA 94611
Westlake


HIGHLIGHTS

  • SB 721 Compliant
  • Individual Gas & Electric Meters
  • Off the Soft Story List
  • Significant rental upside
  • Coin Op Laundry

OVERVIEW

The Bos group is proud to present 31 Croxton Ave 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.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

8

PRICE/UNIT

$209,375

CAP RATE

6.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,800 SF

ZONING

R-70, Oakland

APN/PARCEL ID

009-0731-004-00

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Willem BosCompass CommercialMore Info
916-698-9954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.