Fourplex with Vacant
647 Beacon St Oakland, CA 94610
647 Beacon St, Oakland, CA, 94610
$1,495,000
For Sale
$1,495,000
Four-unit residential building with one vacant unit, common laundry, and basement, patio, and backyard space.
Property Size4,752 SF
Price / SF$314.60
Days on Market39
Property Features for 647 Beacon St
General Information
- Standard status
- Active
- Size
- 4,752 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing agency
COMPASS
(916) 698-9954
Listed by
Willem Bos · License #02013980
(916) 698-9954
Source
Exitrealty
Added: Jun 13 Updated: Jul 20 at 11:44PM Checked: Jul 21 at 6:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS
Investment Insights
Based on property information with market context.
This fourplex offers four residential units within a beautifully maintained property featuring Art Deco character. The building includes one vacant unit that can support an owner-occupant or a new tenant, along with bright, spacious layouts described as offering eat-in kitchens, formal dining rooms, generous living rooms, and additional bonus spaces. The property also includes common laundry, a large basement area, plus a patio and backyard.
Public remarks state the property is exempt from Oakland rent control. The location is described as just blocks from Lake Merritt, Grand Avenue, and the Farmers Market, with convenient transportation and access to dining and shopping.
Recent improvements highlighted in the remarks include AC mini-splits in units, upgraded electrical panels, a replaced heating system, and soft story compliance.
Public remarks state the property is exempt from Oakland rent control. The location is described as just blocks from Lake Merritt, Grand Avenue, and the Farmers Market, with convenient transportation and access to dining and shopping.
Recent improvements highlighted in the remarks include AC mini-splits in units, upgraded electrical panels, a replaced heating system, and soft story compliance.
Key Highlights
- 1925‑built fourplex with one vacant unit for an owner‑occupant or new tenant
- Art Deco character and architectural charm with bright, spacious unit layouts
- Eat‑in kitchens and formal dining rooms plus generous living rooms and versatile bonus spaces
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.5k | $34.20 |
| − Vacancy | −$6.9k | −$1.46 |
| EGI | $155.6k | $32.74 |
| − OpEx | −$46.7k | −$9.82 |
| NOI | $108.9k | $22.92 |
4,752 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.36M – $1.82M
NOI $108,905 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,339 @ 7.0% cap · market cap 6.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit residential building with one vacant unit, common laundry, and basement, patio, and backyard space.
Where is this quadplex located?
The property is located at 647 Beacon St Oakland, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 1925‑built fourplex with one vacant unit for an owner‑occupant or new tenant; Art Deco character and architectural charm with bright, spacious unit layouts; Eat‑in kitchens and formal dining rooms plus generous living rooms and versatile bonus spaces
