5-Unit Multifamily
1112 33Rd St Oakland, CA 94610
1112 33Rd St, Oakland, CA, 94610
$895,000
For Sale
$895,000
Five rental units include a 3-bedroom front home and four rear studio units, plus an on-site office and garages.
Property Size3,337 SF
Price / SF$268.20
Days on Market71
Property Features for 1112 33Rd St
General Information
- Standard status
- Active
- Size
- 3,337 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1923
Listing agency
NAI NORTHERN CALIFORNIA
(510) 336-4712
Listed by
TIMOTHY WARREN · License #02008347
Source
Corcoran
Added: May 12 Updated: Jul 21 at 3:23AM Checked: Jul 21 at 3:23AM
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 NAI NORTHERN CALIFORNIA
Investment Insights
Based on property information with market context.
This 5-unit multifamily property includes a front 3-bedroom/1-bath single-family home and four rear studio units, creating a mixed residential configuration. In addition to the rental units, the property features an on-site office with a bath and two separate garages, which provide additional income opportunities.
The property has undergone significant capital improvements, including a complete electrical upgrade, plumbing upgrades, a new roof on the front house, and a seismic retrofit. The current unit mix and in-place income are supported by recent upgrades that help reduce near-term capital expenditure needs for a new owner.
Overall, the building presents an investor-focused structure with established residential rents and a practical arrangement of studios alongside the larger front home.
The property has undergone significant capital improvements, including a complete electrical upgrade, plumbing upgrades, a new roof on the front house, and a seismic retrofit. The current unit mix and in-place income are supported by recent upgrades that help reduce near-term capital expenditure needs for a new owner.
Overall, the building presents an investor-focused structure with established residential rents and a practical arrangement of studios alongside the larger front home.
Key Highlights
- 5‑unit multifamily in Oakland’s Bella Vista neighborhood
- Approx. 3,337 SF configuration: 3‑bedroom/1‑bath front home plus four rear studio units
- On‑site office with bath included, along with two separate garages
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 | $134.1k | $40.20 |
| − Vacancy | −$6.0k | −$1.81 |
| EGI | $128.1k | $38.39 |
| − OpEx | −$57.6k | −$17.28 |
| NOI | $70.5k | $21.12 |
3,337 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$880.8K – $1.17M
NOI $70,461 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.09M
$956.0K – $1.27M
NOI $76,477 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five rental units include a 3-bedroom front home and four rear studio units, plus an on-site office and garages.
Where is this apartment building located?
The property is located at 1112 33Rd St Oakland, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5‑unit multifamily in Oakland’s Bella Vista neighborhood; Approx. 3,337 SF configuration: 3‑bedroom/1‑bath front home plus four rear studio units; On‑site office with bath included, along with two separate garages
