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.
Thoughts about this property? Write them down for quick reference the next time you view this property.