978 75Th Ave, Oakland, CA 94621
- $980,000
- 10
- BD
- 2,916
- SqFt
Listed by Joey Wang, (510) 592-5554 from Keller Williams Realty
(If provided) CoList: from
Sold listing courtesy of Kailey Thu Mai from WNDRT
- Sold Price
- $980,000
- List Price
- $895,000
- Closing Date
- Aug 04, 2026
- MLS#
- EB41137423
- Status
- SOLD
- Zoning
- CIX-
- Sqft. of Residence
- 2,916
- Lot Size
- 4,000
- Listing Area
- Oakland Zip Code 94621
Property Description
Situated along the 75th Avenue corridor less than a mile from Coliseum BART, 978 75th Avenue is a fully occupied East Oakland fourplex offering immediate, stabilized income in an established rental neighborhood. The two-story building spans approximately 2,916 square feet across two 3BD/1BA and two 2BD/1BA units, each with a private entry, assigned parking, and updated kitchen with quartz countertops and shaker cabinetry. Three of four units operate under active HACA HAP contracts, with annualized gross income of $117,660 and a proforma NOI of $76,073. Separate utility meters for all four units keep the expense ratio at a lean 30.5% - tenants pay their own gas and electric. At $895,000 - $307/SF and $223,750 per unit - this is a rare chance to acquire a cash-flowing, HAP-contract fourplex in East Oakland at an 8.5% current cap rate, with current rents approximately 8% below market and a clear path to 9.5% at turnover.
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Additional Information
- Acres
- 0.09
- Amenities
- None
- Cooling System
- Air Conditioning - None
- Days On Market
- Unknown
- Exterior Features
- Stucco, Wood Frame
- Floor Covering
- Tile, Vinyl
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- Laundry Area - In Unit
- Living Area
- 2,916
- Lot Description
- Grade - Level
- Lot Size
- 4,000
- Neighborhood
- Oakland Zip Code 94621
- Numberof Units
- 4
- Unincorporated Yn
- Yes
- Zoning
- CIX-
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