978 75th Ave, Oakland, CA 94621

Oakland
Local realty services provided by:ERA North Orange County Real Estate
978 75th Ave,Oakland, CA 94621
$895,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: joey wang
Office: keller williams realty925-934-2900
MLS#:41137423
Source:CRMLS

Price summary

  • Price:$895,000

About this home

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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Home facts

  • Year built:1943
  • Subdivision & Development:ELMHURST
  • Listing ID #:41137423
  • Added:55 day(s) ago
  • Updated:July 31, 2026 at 08:46 AM

Rooms and interior

  • Flooring:Tile, Vinyl

Heating and cooling

  • Heating:Natural Gas, Wall Furnance

Structure and exterior

  • Year built:1943
  • Lot area:0.09 Acres
  • Lot Features:Corner Lot, Street Level
  • Construction Materials:Stucco, Wood Siding

Finances and disclosures

  • Price:$895,000

Parking

  • Total parking spaces:4
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