647 Beacon St - Apartments FOR SALE


Oakland, CA 94610- Cleveland Heights
$1,495,000 USD
916-698-9954
647 Beacon St, Oakland, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/39
null | 5.59% Cap Rate

647 Beacon St
Oakland, CA 94610
Cleveland Heights


HIGHLIGHTS

  • Not Subject to Oakland Rent Control
  • AC in Units
  • Common Laundry
  • Outdoor Deck/Garden Area
  • Upgraded Electrical Panels
  • Soft Story Compliant

OVERVIEW

***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.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

4

PRICE/UNIT

$373,750

CAP RATE

5.59%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,552 SF

ZONING

-

APN/PARCEL ID

023-0418-010-00

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

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Willem BosCompass CommercialMore Info
916-698-9954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.