3114 Magnolia St, Oakland, California 94608, Oakland, - bed, bath
ACTIVE$799,000
3114 Magnolia St, Oakland, California 94608
0Bed
0Bath
Sqft
3,200Lot
Year Built
1893
Close
-
List price
$799K
Original List price
$849K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41080695
Home ConditionGood
Features
Deck
Patio
View-
About this home
Welcome to 3114 Magnolia St! This updated duplex in a prime Oakland location, offers excellent income and growth potential. Each of the two 3-bedroom, 1-bath units have been updated with modern kitchens, newer flooring, and plenty of natural light. Perfect for investors or homeowners seeking rental income, this property features separate entrances and a private outdoor space. Situated near downtown Oakland, Emeryville, and major transit routes, it provides easy access to shops, restaurants, and parks. With a spacious 3,200 sq. ft. lot and great potential for long-term growth, this duplex is an outstanding investment opportunity!
Nearby schools
2/10
Hoover Elementary School
Public,•K-5•0.4mi
1/10
Lafayette Elementary School
Public,•2-5•1.0mi
2/10
Martin Luther King, Jr. Elementary School
Public,•PK-3•1.2mi
4/10
Preparatory Literary Academy Of Cultural Excellence
Public,•K-5•1.3mi
2/10
Emerson Elementary School
Public,•K-5•1.6mi
4/10
Anna Yates Elementary School
Public,•K-8•0.9mi
3/10
West Oakland Middle School
Public,•6-8•1.0mi
2/10
Westlake Middle School
Public,•6-8•1.3mi
3/10
Mcclymonds High School
Public,•9-12•0.4mi
5/10
Emery Secondary School
Public,•9-12•0.9mi
2/10
Oakland International High School
Public,•9-12•1.4mi
7/10
Oakland Technical High School
Public,•9-12•1.6mi
2/10
Fremont High
Public,•9-12•5.2mi
Price History
Date
Event
Price
09/10/25
Price Change
$799,000
12/13/24
Listing
$849,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (8 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 3,200 | 3,876 | 11% |
| Price | $799K | $875K | 44% |
| Price per square foot | $0 | $0 | |
| Built year | 1893 | 1912 | 11% |
| HOA | |||
| Days on market | 327 | 187 | 89% |
Condition Rating
Good
Despite being built in 1893, this duplex has undergone significant and recent renovations, aligning with the 'Good' condition criteria. The description highlights 'modern kitchens' and 'newer flooring,' which are clearly visible in the images. The kitchens feature updated wood cabinetry, granite countertops, and mostly stainless steel appliances (one unit has a white range, but the other is fully stainless). Bathrooms are updated with subway tile showers and modern vanities. Flooring is a mix of newer wood-look laminate and clean carpet. While the exterior shows its age and window AC units are visible (suggesting no central HVAC), the interior is move-in ready with no immediate renovations required, reflecting updates likely within the last 5-15 years.
Pros & Cons
Pros
Strong Income Potential: As an updated duplex with two 3-bedroom, 1-bath units, the property offers excellent rental income and growth potential, appealing to investors and owner-occupiers.
Prime Location: Situated in a desirable Oakland location, providing convenient access to downtown Oakland, Emeryville, major transit routes, shops, restaurants, and parks.
Updated Interiors: Both units feature modern kitchens, newer flooring, and ample natural light, reducing immediate renovation needs for a new owner.
Long-Term Investment Value: The property is explicitly highlighted as an outstanding investment opportunity with great potential for long-term appreciation and growth.
Tenant-Friendly Layout: Separate entrances and private outdoor space for each unit enhance tenant appeal, privacy, and overall desirability.
Cons
Historic Property Age: Built in 1893, the property's age may imply potential for underlying infrastructure issues (e.g., plumbing, electrical, foundation) not fully addressed by recent cosmetic updates.
Recent Price Reduction: The property has seen a $50,000 price reduction from its original list price, which could suggest initial overpricing or a longer market time, potentially raising buyer questions.
Limited Bathroom Count: Each 3-bedroom unit only has one bathroom, which might be a functional limitation for larger families or multiple tenants, potentially impacting rental desirability or value.