1033 Magnolia, Oakland, California 94607, Oakland, 94607 - 0 bed, 0 bath
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Oakland, California 94607
This West Oakland Quadruplex represents a Prime Investment Opportunity, listed at $995,000—positioned well below the $1,042,181 Fair Market Value by 4%. This valuation gap provides $47,181 in Instant Equity. The property maintains a Good Condition Rating, featuring a stunningly renovated owner’s unit with designer fixtures, new appliances, and a private patio. Located near BART and downtown, it offers exceptional rental demand and versatile income streams. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1033 Magnolia Subject | $995,000* List Price | 0 | 0 | 3,940 | $265 | - |
A 1502 8th St Sold | $1,125,000 | 0 | 0 | 5,510 | $204 | 0.4 mi |
B 1127 Linden St Active | $899,000 List Price | 0 | 0 | 3,240 | $277 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1890 but features a recently renovated owner's unit with modern appliances, updated bathrooms, and designer finishes (<5y reno). While the main structure is historic, the property is well-maintained, staged, and move-in ready. The 'Good' rating accounts for the mix of the newly updated unit and the likely older systems/finishes in the remaining three units.
As a quadruplex with an additional home on the lot, this property offers exceptional versatility for investors or owner-occupants looking to offset their mortgage with multiple rental streams.
The top-floor 2-bedroom unit has been recently renovated with designer fixtures, new appliances, and stylish finishes, providing a modern living space within a historic shell.
Located in West Oakland near BART, downtown, and major transit hubs, the property is perfectly positioned to attract tenants commuting to San Francisco or surrounding East Bay employment centers.
The property is currently listed at $995,000, which is a substantial decrease from its 2018 sale price of $1.2 million, indicating potential market volatility or underlying property concerns.
Built in 1890, the structure likely requires high ongoing maintenance costs and potential capital improvements for aging systems that may not have been addressed in the cosmetic renovations.
1033 Magnolia Street, a remarkable West Oakland property featuring two homes on one expansive lot. The front residence, a grand Victorian built in 1890, beautifully showcases the craftsmanship and architectural detail of its era while offering the flexibility of four individual units. The home includes two 1-bedroom units on the ground floor, one 1-bedroom flat on the middle level, and a 2-bedroom owner’s unit occupying the top floor. The owner’s unit has been recently renovated with designer light fixtures, new appliances, stylish countertops, plush carpeting, and a fully updated bathroom. Thoughtfully staged, this elegant space highlights the perfect balance of historic charm and modern comfort — ideal for an owner-occupant or as a showpiece rental. Located in the heart of West Oakland, this property combines vintage character with exceptional investment potential. Its close proximity to downtown Oakland, public transit, and the vibrant dining and arts scenes of Uptown and Jack London Square make it a truly special opportunity for both investors and owner-occupants alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,940 | 2,042 | 78% |
| Lot Size | 4,660 | 3,500 | 78% |
| Price | $995.0K | $727.0K | 78% |
| Price per sq ft | $253 | $253 | 50% |
| Built year | 1890 | 1901 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 174 | 11% |
Apr 18, 2026
$995,000
Initial Listing
Oct 26, 2018
$1,200,000
Public Record