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31 Croxton Ave 8 Unit Apartment Building $1,675,000 ($209,375/Unit) 6.42% Cap Rate Oakland, CA 94611
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,675,000 | Property Subtype | Apartment |
| Price Per Unit | $209,375 | 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 |
| Zoning | R-70, Oakland | ||
| Price | $1,675,000 |
| Price Per Unit | $209,375 |
| 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 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 009-0731-004-00 | Improvements Assessment | $1,103,229 |
| Land Assessment | $316,871 | Total Assessment | $1,420,100 |
Property Taxes
Parcel Number
009-0731-004-00
Land Assessment
$316,871
Improvements Assessment
$1,103,229
Total Assessment
$1,420,100
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31 Croxton Ave
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