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1112 E 33rd St - Unique 5-Unit Property (SFR + Fourplex) 5 Unit Apartment Building Offered at $895,000 at a 6.69% Cap Rate Oakland, CA 94610

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Investment Highlights

Unique 5-Unit Property featuring a front 3BD/1BA single-family home and four rear studio units, appealing to a wide tenant base
Additional Income Potential from an on-site office with bath and two separate garages
Prime Oakland Location near Lake Merritt, Downtown Oakland, and Glenview, offering access to top dining, retail, and neighborhood amenities

Value-Add Opportunity with below-market rents and additional upside through operational improvements and lease optimization
Recent Capital Improvements Completed, including electrical and plumbing upgrades, new roof on the front house, and seismic retrofit
Strong Rental Corridor Fundamentals with over 47,000 residents within a one-mile radius and proximity to BART and major employment centers

Executive Summary

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.

Property Facts

Price	$895,000	Apartment Style	Low-Rise
Price Per Unit	$179,000	Lot Size	0.09 AC
Sale Type	Investment	Building Size	3,337 SF
Cap Rate	6.69%	Average Occupancy	100%
Gross Rent Multiplier	9.35	No. Stories	2
No. Units	5	Year Built	1923
Property Type	Multifamily General Retail Storefront Retail/Residential Multifamily Apartments Multifamily Dormitory	Parking Ratio	0.6/1,000 SF

Price	$895,000
Price Per Unit	$179,000
Sale Type	Investment
Cap Rate	6.69%
Gross Rent Multiplier	9.35
No. Units	5
Property Type	Multifamily General Retail Storefront Retail/Residential Multifamily Apartments Multifamily Dormitory
Apartment Style	Low-Rise
Lot Size	0.09 AC
Building Size	3,337 SF
Average Occupancy	100%
No. Stories	2
Year Built	1923
Parking Ratio	0.6/1,000 SF