Duplex with Rear
1032 Magnolia St Oakland, CA 94607
1032 Magnolia St, Oakland, CA, 94607
$749,000
Pending
For Sale
$749,000
Pending
MULTI_FAMILY - Oakland, CA
Property Size2,535 SF
Lot Size0.10 Acres
Days on Market41
Property Features for 1032 Magnolia St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 4
- Parking features
- Off Street
- Exterior features
- Back Yard, Front Yard, Garden
- Appliances
- Dryer, Washer
- Standard status
- Pending
- APN
- 43323
- Size
- 2,535 SF
- Lot size
- 0.10 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1907
- Flooring type
- Hardwood
- Building materials
- Lap, Wood Siding
Listing Agency
Winkler Real Estate Group
(510) 528-2200
1215 Solano Ave, Albany, CA
Listed by
Daniel Winkler · License #01090765
(510) 421-4528
Added: Jun 9 Checked: Jul 19 at 8:06 am
MLS# 41137692
Listing URL
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Investment Insights
Based on property information with market context.
1032-1034 Magnolia is a duplex offering two spacious units with privacy between them. One unit is delivered available as a blank canvas for renovation, while the other unit is currently rented at $2,795 per month. The property sits on a lot of 0.0969 acres and totals 2,535 square feet, with a huge rear yard that provides space for expansion, gardening, or additional outdoor living.
Located on a tree-lined street in West Oakland, the property is near Downtown and BART, supporting a range of owner-occupant and tenant needs. Disclosures include inspections available, providing a practical path to confirm condition and plan any renovation work before moving forward.
This layout suits buyers seeking an owner-occupant option where rental income can help offset carrying costs from day one. The renovation-ready unit allows flexibility for an end user to tailor finishes and updates, while the outdoor space gives room to add or improve usable areas. For investors, the combination of an income-producing unit and a second unit ready for rework supports straightforward property management and unit-by-unit planning.
Located on a tree-lined street in West Oakland, the property is near Downtown and BART, supporting a range of owner-occupant and tenant needs. Disclosures include inspections available, providing a practical path to confirm condition and plan any renovation work before moving forward.
This layout suits buyers seeking an owner-occupant option where rental income can help offset carrying costs from day one. The renovation-ready unit allows flexibility for an end user to tailor finishes and updates, while the outdoor space gives room to add or improve usable areas. For investors, the combination of an income-producing unit and a second unit ready for rework supports straightforward property management and unit-by-unit planning.
Key Highlights
- 1907 duplex with wood siding exterior and lap construction materials
- 2‑unit setup: one unit rented at $2,795/month, with the other delivered available for renovation
- Hardwood flooring throughout and natural gas heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.7k | $34.20 |
| − Vacancy | −$3.7k | −$1.46 |
| EGI | $83.0k | $32.74 |
| − OpEx | −$24.9k | −$9.82 |
| NOI | $58.1k | $22.92 |
2,535 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$830.0K
$726.2K – $968.3K
NOI $58,097 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$764.7K
$669.1K – $892.1K
NOI $53,527 @ 7.0% cap · market cap 7.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex offers one renovation-ready unit and a rear yard for expansion near Downtown and BART.
Where is this duplex located?
The property is located at 1032 Magnolia St Oakland, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1907 duplex with wood siding exterior and lap construction materials; 2‑unit setup: one unit rented at $2,795/month, with the other delivered available for renovation; Hardwood flooring throughout and natural gas heating
