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Top Floor Owner Unit Move-In Ready 1033 Magnolia St 4 Unit Apartment Building $995,000 ($248,750/Unit) 8.25% Cap Rate Oakland, CA 94607
Investment 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.
- Extensive 2015 Renovations: Modernized interiors featuring granite countertops, hardwood floors, crown molding, and updated appliances.
- High-Yield Investment: Exceptional 8.25% Current Cap Rate and 7.95 GRM at the new $995,000 price point.
- Commuter’s Paradise: Located in the heart of West Oakland, just minutes from BART and Downtown Oakland with seamless access to San Francisco.
Executive Summary
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.
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$95,580
|
$24.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,390
|
$0.61
|
| Effective Gross Income |
$93,190
|
$23.65
|
| Taxes |
$17,085
|
$4.34
|
| Operating Expenses |
$12,075
|
$3.06
|
| Total Expenses |
$29,160
|
$7.40
|
| Net Operating Income |
$64,030
|
$16.25
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $95,580 |
| Annual Per SF | $24.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,390 |
| Annual Per SF | $0.61 |
| Effective Gross Income | |
|---|---|
| Annual | $93,190 |
| Annual Per SF | $23.65 |
| Taxes | |
|---|---|
| Annual | $17,085 |
| Annual Per SF | $4.34 |
| Operating Expenses | |
|---|---|
| Annual | $12,075 |
| Annual Per SF | $3.06 |
| Total Expenses | |
|---|---|
| Annual | $29,160 |
| Annual Per SF | $7.40 |
| Net Operating Income | |
|---|---|
| Annual | $64,030 |
| Annual Per SF | $16.25 |
Property Facts
| Price | $995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $248,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.25% | Building Size | 3,940 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 7.95 | No. Stories | 3 |
| No. Units | 4 | Year Built/Renovated | 1898/2015 |
| Property Type | Multifamily | Parking Ratio | 0.51/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $995,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 7.95 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,940 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1898/2015 |
| Parking Ratio | 0.51/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Crown Molding
- Granite Countertops
- Hardwood Floors
- Deck
Site Amenities
- Controlled Access
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,634 | 550 - 1,150 |
| 2+1 | 1 | $3,200 | 1,200 |
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Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 004-0039-015-00 | Total Assessment | $1,337,484 |
| Land Assessment | $390,425 | Annual Taxes | $17,085 ($4.34/SF) |
| Improvements Assessment | $947,059 | Tax Year | 2025 |
Property Taxes
Parcel Number
004-0039-015-00
Land Assessment
$390,425
Improvements Assessment
$947,059
Total Assessment
$1,337,484
Annual Taxes
$17,085 ($4.34/SF)
Tax Year
2025
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Top Floor Owner Unit Move-In Ready | 1033 Magnolia St
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