Five-Unit Apartment
For Sale
$1,375,000
Pending
33 Home Place East, Oakland, CA 94610
Five-unit complex offers three two-bedroom units and two three-bedroom, one-bath units with a basement below.
Property Size5,019 SF
Days on Market181
Property Features for 33 Home Place East
General Information
Standard status
Pending
Size
5,019 SF
Total Parking Spaces
8
Property subtype
5+ Units / Five or More Units
Site & Location
Neighborhood
Cleveland Heights
Highway Access
Yes
Additional Details
Multifamily Units
5
Amenities
Wood
Other, Other
Building Details
Year Built
1949
Listing Agency:
Compass
Listed By:
Willem Bos · License #02013980
(916) 698-9954
Source:
Compass
Added: May 5
Changed: Oct 31
Last Checked: Oct 30 at 4:56PM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,976
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,119,520
$2.1M
Cap Rate 7%
$1,513,943
$1.5M
Cap Rate 9%
$1,177,511
$1.2M
Market Conditions
NOI Build-Up for 5,019 SF
Gross rent
$201.8K $40.20/SF
− Vacancy
−$9.1K −$1.81/SF
EGI
$192.7K $38.39/SF
− OpEx
−$86.7K −$17.28/SF
NOI
$106.0K $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%
$2,119,520
Cap Rate 7%
$1,513,943
Cap Rate 9%
$1,177,511
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,748
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 - 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 Home Place East 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)
