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647 Beacon St 4 Unit Apartment Building $1,495,000 ($373,750/Unit) 5.59% Cap Rate Oakland, CA 94610
Investment Highlights
- Not Subject to Oakland Rent Control
- Common Laundry
- Upgraded Electrical Panels
- AC in Units
- Outdoor Deck/Garden Area
- Soft Story Compliant
Executive Summary
***Open Houses***
June 13th from 2:00PM-4:00PM
June 14th from 2:00PM-4:00PM
June 18th from 10:00AM-11:00AM
June 21st from 2:30PM-4:30PM
***Broker Tour***
June 15th 10AM-11AM
***Offers Due: June 24th by 12PM***
EXEMPT RENT CONTROL IN OAKLAND! Exceptional opportunity to own a beautifully maintained fourplex in one of Oakland's most sought-after neighborhoods. Featuring one vacant unit ready for an owner-occupant or new tenant, this property offers strong income potential with excellent existing rents and significant upside. Rich in Art Deco character and architectural charm, the building offers bright, spacious units with lovely views, eat-in kitchens, formal dining rooms, generous living rooms, and versatile bonus spaces. Ideally located just blocks from Lake Merritt, Grand Avenue, the Farmers Market, popular dining destinations, shopping, and convenient transportation options. A rare opportunity for investors and owner-occupants alike.
June 13th from 2:00PM-4:00PM
June 14th from 2:00PM-4:00PM
June 18th from 10:00AM-11:00AM
June 21st from 2:30PM-4:30PM
***Broker Tour***
June 15th 10AM-11AM
***Offers Due: June 24th by 12PM***
EXEMPT RENT CONTROL IN OAKLAND! Exceptional opportunity to own a beautifully maintained fourplex in one of Oakland's most sought-after neighborhoods. Featuring one vacant unit ready for an owner-occupant or new tenant, this property offers strong income potential with excellent existing rents and significant upside. Rich in Art Deco character and architectural charm, the building offers bright, spacious units with lovely views, eat-in kitchens, formal dining rooms, generous living rooms, and versatile bonus spaces. Ideally located just blocks from Lake Merritt, Grand Avenue, the Farmers Market, popular dining destinations, shopping, and convenient transportation options. A rare opportunity for investors and owner-occupants alike.
Property Facts
| Price | $1,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $373,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.59% | Building Size | 4,752 SF |
| Gross Rent Multiplier | 11.29 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment |
| Price | $1,495,000 |
| Price Per Unit | $373,750 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| Gross Rent Multiplier | 11.29 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,752 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1925 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 023-0418-010-00 | Improvements Assessment | $1,242,958 |
| Land Assessment | $532,696 | Total Assessment | $1,775,654 |
Property Taxes
Parcel Number
023-0418-010-00
Land Assessment
$532,696
Improvements Assessment
$1,242,958
Total Assessment
$1,775,654
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647 Beacon St
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