Five-Unit Apartment
33 E Home Place Oakland, CA 94610
33 E Home Place, Oakland, CA, 94610
$1,375,000
For Sale
$1,375,000
Five-unit complex offers three two-bedroom units and two three-bedroom, one-bath units with a basement below.
Property Size5,019 SF
Price / SF$273.96
Days on Market73
Property Features for 33 E Home Place
General Information
- Standard status
- Active
- Size
- 5,019 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1949
Listing agency
COMPASS
(916) 698-9954
Listed by
Willem Bos · License #02013980
(916) 698-9954
Source
Exitrealty
Added: May 12 Updated: Jul 22 at 2:45PM Checked: Jul 22 at 2:45PM
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 COMPASS
Investment Insights
Based on property information with market context.
33 E Home Place is a five-unit apartment complex featuring three large two-bedroom units and two three-bedroom, one-bathroom units. The property also includes a 500 sf basement below with a full bath, which may provide an opportunity for an ADU subject to buyer research.
Located near the end of a quiet cul-de-sac in Oakland’s Ivy Hill area, the property is described as offering easy access to the 580 freeway and nearby local shops and restaurants. The building has been seismically retrofitted and is SB-721 compliant.
Located near the end of a quiet cul-de-sac in Oakland’s Ivy Hill area, the property is described as offering easy access to the 580 freeway and nearby local shops and restaurants. The building has been seismically retrofitted and is SB-721 compliant.
Key Highlights
- Five‑unit apartment complex built in 1949 in Oakland’s Ivy Hill neighborhood
- Unit mix: (3) two‑bedroom units and (2) three‑bedroom, one‑bath units
- 500 SF basement below includes a full bath for potential ADU (buyer to verify)
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 | $201.8k | $40.20 |
| − Vacancy | −$9.1k | −$1.81 |
| EGI | $192.7k | $38.39 |
| − OpEx | −$86.7k | −$17.28 |
| NOI | $106.0k | $21.12 |
5,019 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.77M
NOI $105,976 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.64M
$1.44M – $1.92M
NOI $115,024 @ 7.0% cap · market cap 8.37%
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-unit complex offers three two-bedroom units and two three-bedroom, one-bath units with a basement below.
Where is this apartment building located?
The property is located at 33 E Home Place Oakland, CA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Five‑unit apartment complex built in 1949 in Oakland’s Ivy Hill neighborhood; Unit mix: (3) two‑bedroom units and (2) three‑bedroom, one‑bath units; 500 SF basement below includes a full bath for potential ADU (buyer to verify)
