1033 Magnolia St - Apartments FOR SALE


Oakland, CA 94607- West Oakland
$995,000 USD
415-710-7284
1033 Magnolia St, Oakland, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/36
null | 7.43% Cap Rate

1033 Magnolia St
Oakland, CA 94607
West Oakland


HIGHLIGHTS

  • Stable Tenant Base
  • 7.43 % Cap / 8.70 GRM (Current)
  • Central Location
  • 9.81% Cap / 7.12 GRM (Market)

OVERVIEW

1033 Magnolia Street, a remarkable West Oakland property featuring two homes on one expansive lot. The front residence, a grand Victorian built in 1898, beautifully showcases the craftsmanship and architectural detail of its era while offering the flexibility of four individual units. The main home includes two 1-bedroom units on the ground floor, one 1-bedroom flat on the middle level, and a 2-bedroom owner’s unit occupying the top floor. The owner’s unit has been recently renovated with designer light fixtures, new appliances, stylish countertops, plush carpeting, and a fully updated bathroom. Thoughtfully staged, this elegant space highlights the perfect balance of historic charm and modern comfort — ideal for an owner-occupant or as a showpiece rental. At the rear of the property sits a detached cottage, currently under renovation, offering potential as an additional income unit, private guest house, or creative studio space once complete. Located in the heart of West Oakland, this property combines vintage character with exceptional investment potential. Its close proximity to downtown Oakland, public transit, and the vibrant dining and arts scenes of Uptown and Jack London Square make it a truly special opportunity for both investors and owner-occupants alike.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,000

CAP RATE

7.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1898

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

004-0039-015-00

ASK ABOUT THIS PROPERTY

Nathaniel ReinkeKW Commercial Real EstateMore Info
415-710-7284

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Nathaniel ReinkeKW Commercial Real EstateMore Info
415-710-7284

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