Oakland Multifamily Investment
For Sale
$1,700,000
1000 E 33rd St, Oakland, CA 94610
Well-maintained 6-unit apartment complex in Oakland's Ivy Hill neighborhood.
Property Size5,813 SF
Price / SF$292.45
Days on Market228
Property Features for 1000 E 33rd St
General Information
Standard status
Active
Size
5,813 SF
Property subtype
Multi Family
Building Details
Year Built
1927
Listing Agency:
BCRE
(510) 222-0900
Listed By:
Brian Baniqued · License #01104388
(510) 851-2748
Source:
Exitrealty
Added: Mar 5
Changed: Sep 5
Last Checked: Sep 15 at 5:19AM
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
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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. Most of the units have been recently updated. The property offers four private garages and a secured gated entry. It is conveniently located near AC Transit and major freeways I-580 and I-880, providing easy access to Downtown Oakland and beyond. The property size is 5,813 square feet. This presents an investment opportunity for those seeking a rental market in a thriving community.
Key Highlights
- Six‑unit apartment complex in Oakland's Ivy Hill neighborhood
- Four private garages included
- Secured gated entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,742
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,454,840
$2.5M
Cap Rate 7%
$1,753,457
$1.8M
Cap Rate 9%
$1,363,800
$1.4M
Market Conditions
NOI Build-Up for 5,813 SF
Gross rent
$233.7K $40.20/SF
− Vacancy
−$10.5K −$1.81/SF
EGI
$223.2K $38.39/SF
− OpEx
−$100.4K −$17.28/SF
NOI
$122.7K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,454,840
Cap Rate 7%
$1,753,457
Cap Rate 9%
$1,363,800
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 authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
Business Placement
Demographics for 94610, CA
31,261
Population
17,926
Households
1.7
Avg Household Size
39
Median Age
73%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
14,886
Density / Sq Mi
$130,435
Median Household Income
$90,577
Median Earnings
$2,184
Median Rent
$1,324,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 E 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; Four private garages included; Secured gated entry
