Properties

Comm Ri Multi-units 5+ For Sale

3,940 Sqft - 1033 Magnolia Street, OAKLAND, California 94607

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Property Description

1033 Magnolia Street, located near Downtown Oakland, presents a rare opportunity to purchase a gorgeous Victorian with fantastic income, or a pure investment property in one of the most rentable cities in the country. As you step foot into the flats, you will realize this is somewhere you want to own and live. The top floor and middle floor are individual, large, spacious flats with in-unit laundry. The middle and top floors were completely reconstructed in 2004 featuring updated kitchens and baths with washer/dryer. The Property includes a large backyard area and separate meters for electric and gas. A two story cottage is located in the back of the Property. This is an incredible opportunity to purchase one of the most unique buildings in West Oakland with terrific income! 1033 Magnolia Street is a Qualified Opportunity Zone Designation.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40824695
Price : $1,275,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,940 Sqft
Year Built : 1925
Lot Area : 0.11 Sqft
Features
Heating System : Other Heat
Cooling System : Other
Basement : Other
Roof : Other
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94607
Street : Magnolia Street
Street Number : 1033
Floor Number : 0
Longitude : W123° 42' 41.8''
Latitude : N37° 48' 27.2''
MLS Addon
Office Name : MARCUS & MILLICHAP
Building Type : Lowrise (1-3 Flrs)
Area : Oakland Zip Code 94607
Address : 1033 Magnolia Street
Cross Street : 10th Street
Directions to Property : 10th Street and Magnolia Street
LA1User Code : R01980615
LA1Agent First Name : LOUIS
LA1Agent Last Name : KWOK
Status Category : Sold
Tot # Parking Spaces : 0
Tot # of Units : 5
List $/SqFt : $324
Age : 93
Apx Lot Sq Ft : 4,660 Sqft
Type of Building : Apt Complex
Annual Taxes : $18,492
Total Deposits : $0
ADDTL FEATURES MISC. : Other
EQUIPMENT ADDITIONAL : Other
EXTERIOR : Wood Frame
FLOORING : Hardwood Flrs Throughout
LOT DESCRIPTION : Irregular
TENANT PAYS : Electric, Gas
WATER/SEWER : Other
Census Tract : 4022
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $2,000
2nd Loan Balance : $94,380
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.42
FINANCIAL DATA SOURCE : Estimated
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Seller Reserved
Listing Service : Full Service
Special Information : None
Original Price : $1,380,000
Sold Price : $1,200,000
Previous Price : $1,380,000
Sale $/SqFt : $0
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40824695
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 3,940 Sqft
$1,275,000
Agent info
Contact Agent