Historic Quadplex with Renovated
1033 Magnolia Oakland, CA 94607
For Sale
$995,000
Pending
MULTI_FAMILY - Oakland, CA
Property Size3,940 SF
Lot Size0.11 Acres
Days on Market103
Property Features for 1033 Magnolia
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Rooms
Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 2
Parking
2
Parking features
Covered, Tandem
Security features
Security
Interior features
Storage, Storage Area(s), Tub w/Shower Over
Exterior features
Back Yard, Front Yard, Storage, Entry Gate, Low Maintenance, Garden
Fencing
Gate, Fenced
Standard status
Pending
Size
3,940 SF
Lot size
0.11 Acres
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1890
Flooring type
Wood, Carpet, Carpet - Partial, Tile, Hardwood, Vinyl
Building materials
Wood Siding
Additional Structures
Storage
Listing Agency:
KW Advisors East Bay
(510) 775-1079
Listed By:
Nathaniel Reinke
(415) 710-7284
Added: Apr 18
Changed: Jul 24
Last Checked: Jul 29 at 10:06PM
MLS# 41131491
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1033 Magnolia is a historic Victorian quadplex built in 1890 on a 0.107-acre lot, offering four individually configured units. The ground floor includes two 1-bedroom units, the middle level has a 1-bedroom flat, and the top floor is an owner’s unit with 2 bedrooms. The owner’s unit was recently renovated and features updated finishes including designer light fixtures, new appliances, refreshed countertops, plush carpeting, and a fully updated bathroom. The property was recently updated to include a now-vacant unit.
Located in West Oakland, the home is positioned to serve both investor and owner-occupant needs, with access to downtown Oakland, public transit, and the dining and arts areas of Uptown and Jack London Square.
With four units within a single historic structure, this property can fit a buyer looking for an owner-occupied arrangement or a rental-focused setup. The mix of unit sizes may support flexible occupancy planning, while the renovated owner’s residence offers a turnkey option for a buyer who intends to live in the building.
Located in West Oakland, the home is positioned to serve both investor and owner-occupant needs, with access to downtown Oakland, public transit, and the dining and arts areas of Uptown and Jack London Square.
With four units within a single historic structure, this property can fit a buyer looking for an owner-occupied arrangement or a rental-focused setup. The mix of unit sizes may support flexible occupancy planning, while the renovated owner’s residence offers a turnkey option for a buyer who intends to live in the building.
Key Highlights
- Two homes on one expansive lot at 1033 Magnolia St in West Oakland
- Victorian home built in 1890 featuring four individual units: two ground‑floor 1BD units, one 1BD flat, and one top‑floor 2BD owner unit
- Owner’s top‑floor unit recently renovated with updated bathroom, new appliances, and updated light fixtures and countertops
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 | $134.7k | $34.20 |
| − Vacancy | −$5.8k | −$1.46 |
| EGI | $129.0k | $32.74 |
| − OpEx | −$38.7k | −$9.82 |
| NOI | $90.3k | $22.92 |
3,940 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.50M
NOI $90,296 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,193 @ 7.0% cap · market cap 8.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit Victorian home with a newly vacant unit and a recently renovated top-floor owner’s residence.
Where is this quadplex located?
The property is located at 1033 Magnolia Oakland, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two homes on one expansive lot at 1033 Magnolia St in West Oakland; Victorian home built in 1890 featuring four individual units: two ground‑floor 1BD units, one 1BD flat, and one top‑floor 2BD owner unit; Owner’s top‑floor unit recently renovated with updated bathroom, new appliances, and updated light fixtures and countertops
