5-Unit Apartment
For Sale
$1,150,000
3512 Magnolia St, Oakland, CA 94608
Five residences offer a mix of four-bedroom layouts and a smaller rear unit, with separately metered gas and electricity.
Property Size3,360 SF
Price / SF$342.26
Days on Market48
Property Features for 3512 Magnolia St
General Information
Standard status
Active
Size
3,360 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Site & Location
Neighborhood
North Oakland
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 4BR, 1 x 1BR/1BA
Multifamily Units
5
Individually Metered Utilities
gas, electricity
Additional Details
Tenant in Place
Yes
Amenities
washer/dryer hookups
mature fruit trees
Yard Space
Building Details
Building Size
3,360 SF
Year Built
1889
Listing Agency:
Coldwell Banker Realty
(510) 583-5400
Listed By:
Susan Jones · License #01186643
(510) 393-8368
Source:
Eminentvalley
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 3:46AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This apartment property contains five residences: four four-bedroom units and a rear one-bedroom, one-bath unit. The building totals 3,360 square feet and was built in 1889. Gas and electricity are separately metered, and washer/dryer hookups are available. Three off-street parking spaces serve the property, and the grounds include fig, persimmon and pear trees.
The property is at 3512 Magnolia St in Oakland, near the Emeryville and Longfellow border. BART, Temescal, Lake Merritt, Jack London Square, Downtown Oakland and South Berkeley are identified nearby, with freeway access toward San Francisco.
The property is at 3512 Magnolia St in Oakland, near the Emeryville and Longfellow border. BART, Temescal, Lake Merritt, Jack London Square, Downtown Oakland and South Berkeley are identified nearby, with freeway access toward San Francisco.
Key Highlights
- Five residences: four 4‑bedroom units and one rear 1‑bedroom, 1‑bath unit
- 3,360 square feet; built in 1889
- Three off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,947
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,418,940
$1.4M
Cap Rate 7%
$1,013,529
$1.0M
Cap Rate 9%
$788,300
$788.3K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$135.1K $40.20/SF
− Vacancy
−$6.1K −$1.81/SF
EGI
$129.0K $38.39/SF
− OpEx
−$58.0K −$17.28/SF
NOI
$70.9K $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%
$1,418,940
Cap Rate 7%
$1,013,529
Cap Rate 9%
$788,300
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$886.8K – $1.18M
NOI $70,947 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.10M
$962.6K – $1.28M
NOI $77,004 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,888
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residences offer a mix of four-bedroom layouts and a smaller rear unit, with separately metered gas and electricity.
Where is this apartment building located?
The property is located at 3512 Magnolia St Oakland, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Five residences: four 4‑bedroom units and one rear 1‑bedroom, 1‑bath unit; 3,360 square feet; built in 1889; Three off‑street parking spaces
