Home | Alameda County | Oakland | 94621 | 978 75th Ave
MLS: EB41137423 | Status: Active | Price: $895,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 2,916 | 4,000 | 1943 |
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.
| Field | Value |
|---|---|
| MLS # | EB41137423 |
| MLS Source | Bridge MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Flooring | Tile, Vinyl |
| Cooling | Air Conditioning - None |
| Heating | Gas, Wall Furnace |
| Feature | Details |
|---|---|
| Complex Amenities | None |
| Zoning | CIX- |
Joey Wang
Keller Williams Realty
License #: 01890931
Phone: (510) 592-5554
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 725 | 3 | 0/0 | $2,116 |
| 2 | 550 | 2 | 0/0 | $2,315 |
| 3 | 725 | 3 | 0/0 | $2,729 |
| 4 | 607 | 2 | 0/0 | $2,445 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2105 48th Ave | $995,000 | – | – | 3,356 | Active |
| 7523 Outlook Ave | $989,000 | – | – | 3,376 | Active |
| 3562 Seminary Avenue | $900,000 | – | – | 2,652 | Active |
| 2256 83rd Ave | $795,000 | – | – | 3,420 | Active |
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This listing information is up-to-date as of June 08, 2026. For the most current information, please contact Joey Wang, (510) 592-5554.