Vacant Unit Victorian
For Sale
$995,000
Pending
1033 Magnolia, Oakland, CA 94607
Victorian quadplex with four individually configured residences and a recently renovated owner unit.
Property Size3,940 SF
Days on Market129
Property Features for 1033 Magnolia
General Information
Standard status
Pending
Size
3,940 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Building Details
Building Size
3,940 SF
Year Built
1890
Tenancy
Multi
Listing Agency:
KW Advisors East Bay
Listed By:
Nathaniel Reinke
(415) 710-7284
Source:
Coastandcore
Added: Apr 18
Changed: Aug 12
Last Checked: Aug 24 at 2:54PM
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 KW Advisors East Bay
Investment Insights
Based on property information with market context.
1033 Magnolia Street is a Victorian-style quadplex set on a single expansive lot with two homes on the property. The front residence, built in 1890, is configured to offer four individual units: two 1-bedroom units on the ground floor, one 1-bedroom flat on the middle level, and a 2-bedroom owner’s unit on the top floor. A unit is now newly vacant, and the owner’s unit has been recently renovated with updated finishes including new appliances, refreshed countertops, plush carpeting, designer light fixtures, and a fully updated bathroom.
The property is located in West Oakland. The remarks indicate it is near downtown Oakland and public transit, with access to areas including Uptown and Jack London Square.
This layout is well-suited for an owner-occupant seeking a top-floor 2-bedroom home while maintaining multiple separate income units. It also offers a straightforward four-unit setup for buyers looking for a multi-residence property where unit mix includes three 1-bedroom units plus one 2-bedroom unit.
The property is located in West Oakland. The remarks indicate it is near downtown Oakland and public transit, with access to areas including Uptown and Jack London Square.
This layout is well-suited for an owner-occupant seeking a top-floor 2-bedroom home while maintaining multiple separate income units. It also offers a straightforward four-unit setup for buyers looking for a multi-residence property where unit mix includes three 1-bedroom units plus one 2-bedroom unit.
Key Highlights
- Victorian quadplex built in 1890 with four individually configured residences
- Unit mix includes two ground‑floor 1‑bedroom units, one middle‑level 1‑bedroom flat, and a top‑floor 2‑bedroom owner’s unit
- Owner’s unit was recently renovated with new appliances, stylish countertops, plush carpeting, designer light fixtures, and a fully updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,296
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,805,920
$1.8M
Cap Rate 7%
$1,289,943
$1.3M
Cap Rate 9%
$1,003,289
$1.0M
Market Conditions
NOI Build-Up for 3,940 SF
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.
Gross rent
$134.7K $34.20/SF
− Vacancy
−$5.8K −$1.46/SF
EGI
$129.0K $32.74/SF
− OpEx
−$38.7K −$9.82/SF
NOI
$90.3K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,805,920
Cap Rate 7%
$1,289,943
Cap Rate 9%
$1,003,289
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
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 94607, CA
31,067
Population
14,362
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
86%
High-School Grad
5.9 sq mi
ZIP Area
5,266
Density / Sq Mi
$87,937
Median Household Income
$67,107
Median Earnings
$1,875
Median Rent
$744,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Victorian quadplex with four individually configured residences and a recently renovated owner unit.
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: Victorian quadplex built in 1890 with four individually configured residences; Unit mix includes two ground‑floor 1‑bedroom units, one middle‑level 1‑bedroom flat, and a top‑floor 2‑bedroom owner’s unit; Owner’s unit was recently renovated with new appliances, stylish countertops, plush carpeting, designer light fixtures, and a fully updated bathroom
