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31 Croxton Ave
Oakland, CA 94611
Multifamily Property For Sale
·
8 Units
Investment Highlights
- SB 721 Compliant
- Off the Soft Story List
- Coin Op Laundry
- Individual Gas & Electric Meters
- Significant rental upside
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $289,982 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.42% | Lot Size | 0.11 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,640 SF |
| Gross Rent Multiplier | 9.9 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 3.23/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-70, Oakland | ||
| Price Per Unit | $289,982 CAD |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.9 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,640 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 3.23/1,000 SF |
| Zoning | R-70, Oakland |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 580 |
Property Taxes
| Parcel Number | 009-0731-004-00 | Improvements Assessment | $1,526,946 CAD |
| Land Assessment | $438,572 CAD | Total Assessment | $1,965,518 CAD |
Property Taxes
Parcel Number
009-0731-004-00
Land Assessment
$438,572 CAD
Improvements Assessment
$1,526,946 CAD
Total Assessment
$1,965,518 CAD
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