Art Deco
For Sale
$1,600,000
647 Beacon St, Oakland, CA 94610
One unit is vacant, and the property includes common laundry, basement space, a patio, and a backyard.
Property Size4,752 SF
Days on Market55
Property Features for 647 Beacon St
General Information
Standard status
Active
Size
4,752 SF
Property subtype
Quadruplex
Amenities
common laundry
large basement space
patio
backyard
Building Details
Building Size
4,752 SF
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
COMPASS
(916) 698-9954
Listed By:
Willem Bos · License #02013980
(916) 698-9954
Source:
Annnewtoncane
Added: Jun 11
Changed: Aug 3
Last Checked: Aug 3 at 7:08AM
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.
Built in 1925, this four-unit residential property features Art Deco character alongside spacious interiors. The units include bright living areas, eat-in kitchens, formal dining rooms, views, and flexible bonus spaces. One unit is currently vacant, while the building also provides shared laundry, a large basement, patio, and backyard amenities. Recent property improvements include AC minisplits in the units, upgraded electrical panels, a replaced heating system, and soft-story compliance.
The property is located at 647 Beacon St in Oakland and is exempt from rent control. Lake Merritt, Grand Avenue, the Farmers Market, dining, shopping, and transportation options are all described as nearby, placing the building within an established urban residential setting.
The property is located at 647 Beacon St in Oakland and is exempt from rent control. Lake Merritt, Grand Avenue, the Farmers Market, dining, shopping, and transportation options are all described as nearby, placing the building within an established urban residential setting.
Key Highlights
- Four‑unit building constructed in 1925
- One vacant unit available for an owner‑occupant or new tenant
- Art Deco character with spacious units, eat‑in kitchens, and formal dining rooms
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 6.81%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,339 @ 7.0% cap · market cap 6.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,185
Businesses Nearby
Explore this area
Business Placement
Demographics for 94610, CA
31,261
Population
17,926
Households
1.7
Avg Household Size
39
Median Age
73%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
14,886
Density / Sq Mi
$130,435
Median Household Income
$90,577
Median Earnings
$2,184
Median Rent
$1,324,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - One unit is vacant, and the property includes common laundry, basement space, a patio, and a backyard.
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 $1,600,000.
What are key features of this property?
This property features: Four‑unit building constructed in 1925; One vacant unit available for an owner‑occupant or new tenant; Art Deco character with spacious units, eat‑in kitchens, and formal dining rooms
