1033 Magnolia , Oakland CA

$1,245,000 | $5,738 / Month*

List Firm - Keller Williams Realty
List Agent - Nathaniel Reinke
MLS #40952470



Garage/Parking: Tandem Parking
Lot Description: 2 Houses / 1 Lot, Backyard
Included: Dryer, Mirrored Closet Door(s), Washer, Water Heater Gas, Carbon Mon Detector, Double Strapped Water Htr, Secured Access, Security Fence, Smoke Detector, All Public Utilities, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter
Property Features: Balcony/Patio, Wired For Cable TV, Extra Storage, Garden, Other
Foreclosure: No
Exterior Construction: Wood Siding
Basement: None
Garage Type: Tandem Parking
Interior Features
Flooring: Hardwood Floors, Laminate, Partial Carpeting, Tile, Carpet, Engineered Wood
Exterior Features
Construction: Wood Siding
Roof: Composition
Cooling: None
Heating: Wall Furnace
Water/Sewer: Sewer System - Public, Water - Public

Built in 1898, 1033 Magnolia Street consists of a three story converted Victorian home with a detached cottage at the rear of the lot. Each of the buildings is built of wood frame construction with a wooden exterior. Combined the two structures contain approximately 3,940 square feet of gross building area set on ta 4,660 square foot lot. The property features a total of four (4) one bedroom, one bath averaging 710 square feet and one (1) two-bedroom / one bath unit estimated at 1100 square feet. Three of the five units have been substantially remodeled and feature kitchen upgrades such as granite countertops, new cabinetry and tiled floors. The 1033 Magnolia Street Apartments offer investors the opportunity to acquire a well-situated property with little deferred maintenance and significant upside (67%) in a great Oakland location. The West Oakland neighborhood is one of the strongest rental markets in the country.

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