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1033 Magnolia, Oakland, CA 94607
--
bed
--
bath
· 4660
ft2 lot
$1,295,000
Listing provided courtesy of NATHANIEL REINKE, KELLER WILLIAMS REALTY.
Source CRMLS.
Built in 1898, 1033 Magnolia Street consists of a three story converted Victorian home with a detached cottage at the rear of the lot. Each of the buildings is built of wood frame construction with a wooden exterior. Combined the two structures contain approximately 3,940 square feet of gross building area set on ta 4,660 square foot lot. The property features a total of four (4) one bedroom, one bath averaging 710 square feet and one (1) two-bedroom / one bath unit estimated at 1100 square feet. Three of the five units have been substantially remodeled and feature kitchen upgrades such as granite countertops, new cabinetry and tiled floors. The 1033 Magnolia Street Apartments offer investors the opportunity to acquire a well-situated property with little deferred maintenance and significant upside (67%) in a great Oakland location. The West Oakland neighborhood is one of the strongest rental markets in the country.
HOA
$—/month
On market
3 months
Year built
1898
Property type
Multi-Family
Parking
MLS
40934265
Price / Sq.Ft.
ft2
Status
Active
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Based on a price of $1,295,000
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Negotiating Power:
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Gas Water Heater
•   
Has Appliances
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: See Remarks
Property, Lot, Community & Exterior Features
Property Features
•   
View: Hills
Lot Info
•   
Lot Size Acres: 0.1000
•   
Lot Size Area: 4660.0000
•   
Lot Size Units: Square Feet
Building Info
•   
Roof: Shingle
•   
Construction Materials: Wood Siding
Community Info
•   
Total Units: 5
Listing Details, Costs & Financing Information
Financial Info
•   
Tax Annual Amount: 20881.00
•   
Other Expense: 1850.00
•   
Cap Rate: 5.16
•   
Professional Management Expense: 0.00
•   
Gross Scheduled Income: 103612.00
Lease Info
•   
Net Operating Income: 66796.00
Listing Info
•   
Status: Active
School Neighborhood & Directions
Location
•   
Directions: None Cross Street: Adeline St.
Other
Calculation
•   
Dom: 7
•   
Cdom: 7
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 15, 2021 10:25am
Neighborhood snapshot
100
Properties for sale
32
Median days on market
$599.03
Median sold price/sqft
102.04%
Sold/List %
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Property History
01/14/2021
01/14/2021
CRMLS #40934265
active
CRMLS #40934265
$1,295,000
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