1033 Magnolia St, Oakland, California 94607, Oakland, - bed, bath

home-pic
ACTIVE$995,000
1033 Magnolia St, Oakland, California 94607
0Bed
0Bath
Sqft
4,660Lot
Year Built
1890
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41115134
Home ConditionFair
Features
View-

About this home

Welcome to 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 main 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. At the rear of the property sits a detached cottage, currently under renovation, offering potential as an additional income unit, private guest house, or creative studio space once complete. 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.

Price History

Date
Event
Price
10/17/25
Listing
$995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (26 Listings)
Beds04
Baths02
Square foot01,639
Lot Size4,6603,125
85%
Price$995K$710K
89%
Price per square foot$0$435
Built year18901896
33%
HOA
Days on market19161
4%
Condition Rating
Fair

This property, built in 1890, presents a mixed condition. While the owner's unit has been recently renovated with modern light fixtures, new appliances, stylish countertops, plush carpeting, and a fully updated bathroom (placing this unit in excellent condition), other units within the property feature dated kitchens with older wood cabinets, laminate countertops, and appliances, as well as linoleum flooring, indicating a fair condition. The detached cottage is also noted as being 'under renovation,' suggesting it's not yet move-in ready. Overall, the property is aged but appears maintained, with some significant recent updates to one unit, but other areas show signs of being outdated and would benefit from further renovation.
Pros & Cons

Pros

Exceptional Income Potential: The property features two homes on one lot, including a grand Victorian with four individual units and a detached cottage, offering significant rental income opportunities for investors or owner-occupants.
Historic Charm & Architectural Detail: Built in 1890, the main Victorian residence showcases remarkable craftsmanship and period architectural details, appealing to buyers seeking character and unique historical value.
Recently Renovated Owner's Unit: The top-floor owner's unit has undergone a recent renovation, featuring designer light fixtures, new appliances, stylish countertops, plush carpeting, and a fully updated bathroom, making it move-in ready and highly attractive.
Prime West Oakland Location: Situated in the heart of West Oakland, the property boasts excellent proximity to downtown Oakland, public transit, and the vibrant dining and arts scenes of Uptown and Jack London Square, enhancing its desirability and investment potential.
Versatile Investment Opportunity: The multi-unit configuration and separate cottage provide flexibility for various buyer profiles, serving as an ideal opportunity for both owner-occupants seeking rental income and pure real estate investors.

Cons

Cottage Renovation Incomplete: The detached cottage is currently under renovation, meaning it is not yet fully functional or income-generating, requiring additional time and investment to complete.
Age-Related Maintenance & System Concerns: As a grand Victorian built in 1890, the property may entail higher ongoing maintenance costs and potential for outdated infrastructure (e.g., plumbing, electrical systems) in unrenovated sections.
Potential for Unrenovated Units: While the owner's unit is renovated, the description does not detail the condition of the other three 1-bedroom units, suggesting they may require significant updates and capital expenditure for optimal rental appeal.

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