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
1/37
null | 8.25% Cap Rate

1033 Magnolia St
Oakland, CA 94607
West Oakland


HIGHLIGHTS

  • Move-In Ready Owner’s Suite: Rare opportunity for an owner-user to occupy a recently renovated, top-floor 2BR/1BA unit with designer finishes.
  • High-Yield Investment: Exceptional 8.25% Current Cap Rate and 7.95 GRM at the new $995,000 price point.
  • Extensive 2015 Renovations: Modernized interiors featuring granite countertops, hardwood floors, crown molding, and updated appliances.
  • Commuter’s Paradise: Located in the heart of West Oakland, just minutes from BART and Downtown Oakland with seamless access to San Francisco.

OVERVIEW

Nathaniel Reinke and the KW Advisors team are pleased to present 1033 Magnolia Street, a high-yield five-unit multifamily asset in West Oakland. Now offered at a compelling $995,000 price point, this property delivers an exceptional 8.25% current Cap Rate, making it one of the strongest income-producing opportunities in the submarket. INVESTMENT HIGHLIGHTS: Price Reduction: Recently adjusted to $995,000 ($199,000/unit), providing immediate equity for the incoming investor. Superior Cash Flow: Strong current NOI of $82,087.50 with an 8.25% Cap Rate and a 7.95 GRM. Owner-User Opportunity: Features a move-in ready top-floor owner’s unit, ideal for a buyer looking to live on-site while offsetting their mortgage with high rental income. Extensive Renovations: The property was renovated in 2015 and includes high-end finishes such as granite countertops, hardwood floors, and crown molding in select units. Modern Amenities: Units are equipped with modern conveniences including dishwashers, in-unit laundry (select units), and private balconies or decks. PROPERTY SPECIFICATIONS: Units: 5 Units (Mix of 1BD, 2BD, and Cottage) Building Size: 3,940 SF on a 0.11-acre lot. Location: Central West Oakland location with easy access to Downtown Oakland, BART, and San Francisco. For more information or to schedule a private tour of the owner’s suite, please contact Nathaniel Reinke at (415) 710-7284.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

8.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Top Floor Owner Unit Move-In Ready

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 Advisors East BayMore Info
415-710-7284

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Nathaniel ReinkeKW Advisors East BayMore Info
415-710-7284

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