1112 E 33rd St
- Unique 5-Unit Property featuring a front 3BD/1BA single-family home and four rear studio units, appealing to a wide tenant base
- Value-Add Opportunity with below-market rents and additional upside through operational improvements and lease optimization
- Additional Income Potential from an on-site office with bath and two separate garages
- Recent Capital Improvements Completed, including electrical and plumbing upgrades, new roof on the front house, and seismic retrofit
- Prime Oakland Location near Lake Merritt, Downtown Oakland, and Glenview, offering access to top dining, retail, and neighborhood amenities
- Strong Rental Corridor Fundamentals with over 47,000 residents within a one-mile radius and proximity to BART and major employment centers
Property Description
The Mitchell Warren Team is pleased to present 1112 E 33rd Street, a 5-unit multifamily property situated in Oakland’s Bella Vista neighborhood. The approximately 3,337 square foot property consists of a front 3-bedroom/1-bath single-family home and four (4) rear studio units, offering a unique mixed-residential configuration with strong in-place income and rental upside. Current rents provide value-add potential, while an on-site office with bath and two separate garages offer additional income opportunities. The property has benefited from significant capital improvements, including a complete electrical upgrade, plumbing upgrades, a new roof on the front house, and a seismic retrofit, reducing near-term capital expenditure needs for a new owner. With attractive architecture, a desirable unit mix, and long-term upside, 1112 E 33rd Street presents a compelling opportunity for investors seeking cash flow and growth in a supply-constrained Oakland submarket.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $840,000 |
| No. of Units: | 5 |
| Year Built: | 1923 |
| Lot Size: | 0.09 Acres |
| Opportunity Zone: | No |
| Price per unit: | $168,000 |
| Property Website | Click Here |
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