1112 E 33rd St - Multi-Family FOR SALE


Oakland, CA 94610- Lynn
$895,000 USD
707-363-2463
1112 E 33rd St, Oakland, CA for Sale
$895,000 USD
Multi-Family - FOR SALE
1/12

1112 E 33rd St
Oakland, CA 94610
Lynn


HIGHLIGHTS

  • Unique 5-Unit Property featuring a front 3BD/1BA single-family home and four rear studio units, appealing to a wide tenant base
  • Value-Add Opportunity with below-market rents and additional upside through operational improvements and lease optimization
  • Additional Income Potential from an on-site office with bath and two separate garages
  • Recent Capital Improvements Completed, including electrical and plumbing upgrades, new roof on the front house, and seismic retrofit
  • Prime Oakland Location near Lake Merritt, Downtown Oakland, and Glenview, offering access to top dining, retail, and neighborhood amenities
  • Strong Rental Corridor Fundamentals with over 47,000 residents within a one-mile radius and proximity to BART and major employment centers

OVERVIEW

The Mitchell Warren Team is pleased to present 1112 E 33rd Street, a 5-unit multifamily property situated in Oakland’s Bella Vista neighborhood. The approximately 3,337 square foot property consists of a front 3-bedroom/1-bath single-family home and four (4) rear studio units, offering a unique mixed-residential configuration with strong in-place income and rental upside. Current rents provide value-add potential, while an on-site office with bath and two separate garages offer additional income opportunities. The property has benefited from significant capital improvements, including a complete electrical upgrade, plumbing upgrades, a new roof on the front house, and a seismic retrofit, reducing near-term capital expenditure needs for a new owner. With attractive architecture, a desirable unit mix, and long-term upside, 1112 E 33rd Street presents a compelling opportunity for investors seeking cash flow and growth in a supply-constrained Oakland submarket. 1112 E 33rd Street is located in Oakland’s Bella Vista neighborhood, just off MacArthur Boulevard, with convenient access to Park Boulevard, I-580, and the greater East Bay. The property is minutes from Lake Merritt, Downtown Oakland, and the nearby Glenview neighborhood, placing residents near a diverse mix of retail, dining, and everyday amenities. Glenview, in particular, offers a vibrant local scene along Park Boulevard, featuring well-known spots such as Marzano, Paulista Brazilian Kitchen & Taproom, and Bellanico Restaurant & Wine Bar. The location also provides convenient access to Lake Merritt BART and major Bay Area employment centers. With over 47,000 residents within a one-mile radius and proximity to both urban amenities and neighborhood charm, the property is well-positioned in a strong rental corridor.

FOR SALE DETAILS

PRICE

$895,000 USD

# OF UNITS

5

PRICE/UNIT

$179,000

CAP RATE

6.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Unique 5-Unit Property (SFR + Fourplex)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,957 SF

ZONING

-

APN/PARCEL ID

023-0393-012-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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