Oakland Multifamily Investment
1000 33rd St Oakland, CA 94610
1000 33rd St, Oakland, CA, 94610
$1,700,000
For Sale
$1,700,000
Well-maintained 6-unit apartment complex in Oakland's Ivy Hill neighborhood.
Property Size5,813 SF
Price / SF$292.45
Days on Market101
Property Features for 1000 33rd St
General Information
- Standard status
- Active
- Size
- 5,813 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1927
Listing agency
BCRE
(510) 222-0900
Listed by
BRIAN BANIQUED · License #01104388
Source
Corcoran
Added: Apr 14 Updated: Jul 10 at 1:14PM Checked: Jul 22 at 10:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BCRE
Investment Insights
Based on property information with market context.
This well-maintained 6-unit apartment complex is located in Oakland’s Ivy Hill neighborhood. The property features spacious 2-bedroom, 1-bathroom units, with most units recently updated. The property offers amenities including four private garages and a secured gated entry. Conveniently located near AC Transit and major freeways I-580 and I-880, it provides easy access to Downtown Oakland and beyond. The property size is 5813 square feet. This is an opportunity for investors seeking a strong rental market in a thriving community.
Key Highlights
- Six‑unit apartment complex in Oakland's Ivy Hill neighborhood
- Strong rental market in a thriving community
- Convenient location near AC Transit and major freeways I‑580 and I‑880
Local Financial Insights For Apartment 5plus
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 | $233.7k | $40.20 |
| − Vacancy | −$10.5k | −$1.81 |
| EGI | $223.2k | $38.39 |
| − OpEx | −$100.4k | −$17.28 |
| NOI | $122.7k | $21.12 |
5,813 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.05M
NOI $122,742 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.90M
$1.67M – $2.22M
NOI $133,221 @ 7.0% cap · market cap 7.84%
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?
Apartment building - Well-maintained 6-unit apartment complex in Oakland's Ivy Hill neighborhood.
Where is this apartment building located?
The property is located at 1000 33rd St Oakland, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Six‑unit apartment complex in Oakland's Ivy Hill neighborhood; Strong rental market in a thriving community; Convenient location near AC Transit and major freeways I‑580 and I‑880
