Duplex with Rear
1032 Magnolia St Oakland, CA 94607
For Sale
$749,000
Pending
MULTI_FAMILY - Oakland, CA
Property Size2,535 SF
Lot Size0.10 Acres
Days on Market51
Property Features for 1032 Magnolia St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Rooms
Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6
Parking features
Off Street
Exterior features
Back Yard, Front Yard, Garden
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
Listed By:
Daniel Winkler · License #01090765
(510) 421-4528
Added: Jun 9
Changed: Jul 24
Last Checked: Jul 29 at 2:06AM
MLS# 41137692
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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
- Two‑unit duplex at 1032–1034 Magnolia in West Oakland
- One unit rented at $2,795/month; other unit delivered as a blank canvas for renovation
- 1907 construction with wood siding and lap exterior, plus hardwood flooring
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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: Two‑unit duplex at 1032–1034 Magnolia in West Oakland; One unit rented at $2,795/month; other unit delivered as a blank canvas for renovation; 1907 construction with wood siding and lap exterior, plus hardwood flooring
