647 Beacon St, Oakland, California 94610, Oakland, 94610 - 0 bed, 0 bath
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Oakland, California 94610
This fourplex presents a High-Potential Investment Opportunity with a List Price of $1,495,000—positioned well below the $1,780,351 Fair Market Value by 16%. This valuation gap offers $285,351 in Instant Equity. Featuring Rent Control Exemption and Modern Infrastructure Upgrades, the property maintains a Condition Rating of 4. While interior finishes are dated, the asset offers significant upside for value-add strategies. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, well-located Oakland asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 647 Beacon St Subject | $1,495,000* List Price | 0 | 0 | 4,752 | $308 | - |
A 455 Lagunitas Ave Active | $1,295,000 List Price | 0 | 0 | 4,095 | $316 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property boasts excellent system upgrades including new electrical panels, replaced heating, and modern AC minisplits, the kitchen and interior finishes are significantly dated (vintage 1940s/50s style) and exceed the 20-year threshold for modern renovations. The building is well-maintained and soft-story compliant, but requires cosmetic updates to meet modern standards.
The property is exempt from Oakland's rent control regulations, offering investors rare flexibility to adjust rents to market rates and maximize cash flow.
Located in a highly desirable neighborhood blocks from Lake Merritt and Grand Avenue, the property ensures high tenant demand and proximity to premium amenities.
The building is soft-story compliant and features significant capital improvements including AC mini-splits, upgraded electrical panels, and a replaced heating system.
The 4,550 sqft lot for a fourplex may result in limited off-street parking and restricted outdoor space for tenants compared to newer developments.
As a 1925 structure, the property may require more frequent and specialized maintenance to preserve its Art Deco architectural integrity and aging systems.
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
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,752 | 2,547 |
| Lot Size | 4,550 | 4,475 |
| Price | $1.50M | $860.2K |
| Price per sq ft | $315 | $344 |
| Built year | 1925 | 1920 |
| HOA | $0 | $0 |
| Days on market | 41 | 56 |
Jun 11, 2026
$1,495,000
Initial Listing
Apr 27, 2016
$1,500,000
Public Record