Listed by Bos Group
$1,495,000
647 Beacon St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,752
Units 4
Cap Rate 5.59%
NOI $83,631
Occupancy 75%
Tenancy Multi
Pro-Forma Cap Rate 5.91%
Pro-Forma NOI $88,335
Price per SqFt $315
Year Built 1925
Lot Size (SqFt) 4,550
Investment Type Value Add
647 Beacon St, Oakland, CA 94610
Marketing description
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.
Investment highlights
- Not Subject to Oakland Rent Control
- AC in Units
- Common Laundry
- Outdoor Deck and Garden Area
- ADU Potential (buyer to confirm)
- Replaced Heating System
- Installed Minisplits
- Replaced All Electrical Panels
- 3/4 Units Renovated
- Soft Story Compliant
Listing Contacts
Listed by Bos Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,631.00
$6,969.25/mo
Valuation Metrics
0
DSCR
5.59%
Cap Rate
5.59%
ROI
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