647 Beacon St, Oakland, CA, CA 94610
- $1,600,000
- List Price
- $1,600,000
- Price Change
- ▲ $105,000 1784956780
- Status
- ACTIVE
- MLS#
- 41138048
- County
- Alameda
- Year Built
- 1925
- Square Feet
- 4,550
- Days on Market
- 52
- Property Type
- Multifamily
Property Description
EXEMPT FROM 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. CapEx Highlights: AC minisplits in units, upgraded electrical panels, replaced heating system and soft story compliant Investment Highlights: Common laundry, large basement space, patio and backyard
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Additional Information
- Parcel Number
- 2341810
- Operating Expense
- 44784
- Net Operating Income
- $83,631
- Heat
- See Remarks
- Cooling
- Yes
- Exterior Construction
- Stucco
Listing courtesy of Listing Agent: Willem Bos (willem@bosgroupcre.com) from Listing Office: COMPASS.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.