Modifications in the structural and magnetic properties of co-precipitated cobalt ferrite nanoparticles can be accomplished by varying the annealing time periods during the synthetic process. Experimental results show that high-purity cobalt ferrite nanoparticles are obtained using a co-precipitation process. The dependence of the crystallite sizes on the annealing time was successfully demonstrated using XRD and SEM. Finally, vibrating sample magnetometer analyses show that the magnetic properties of the cobalt ferrite nanoparticles depend on their relative particle sizes.