540 31st Street is a 5 unit property that consist of a 4 unit building and a large 3 bedroom cottage on 1 lot, located in the popular Pill Hill neighborhood of Oakland. The unit mix is fantastic and includes 3 – 3 bedroom units, a 1 bedroom unit and a huge vacant Jr. 1 bedroom that is only being called a Jr. due to a wall that would need to be put up in order to call it a formal 1 bedroom. The gorgeous Victorian was built in 1893 and offers towering ceilings, hardwood and the old world charm that is rarely seen anymore. Many of the systems have been upgraded to modern standards including electrical circuit breakers and sub-panels installed, mostly copper piping, and gas wall furnaces. The single family home in the rear of the property was built in the 1920’s and has been updated as well. Both roofs were completely replaced in 2012 and 2014. Investors will appreciate good returns from day 1 and over 47% rental upside in a very desirable and vibrant location.