Active

978 75th Ave

Oakland, CA 94621
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Bed 10

Bed

Bath 4

Bath

SqFt4,000

Sqft(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $895,000

AD Id : 80128408

MLS Id : 41137423

Beds : 10

Lot Size : 4,000 Sqft

Year Built : 1943

County : Alameda

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Feature Features

  • Bathroom Information

    Total Baths: 0
  • Interior Features

    Flooring: Tile,Vinyl
  • Cooling Features

    Air Conditioning

    Heating Source

    Natural Gas,Wall Furnace Has Heating

  • Building Information

    Year Built: 1943 Construction: Stucco,Wood Siding

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0918
  • Lot Size Source: Public Records Lot Size Square Feet: 4000

  • Listing Price Information

    Original List Price: 895,000 Listing Contract Date: 2026-06-05

  • Tax Information

    Parcel Number: 41415715

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: Directions: Cross Street: Spencer St. Zoning: CIX-2 Source Property Type: Residential Income Property SubType: Quadruplex
  • Building and Construction

    Property Age: 83 Structure Type: Quadruplex Year Built Source: Vendor Enhanced
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Holly Street, Oakland, CA, 94621 $547,500 -- -- 1,498 1,498 SqFt
84th Avenue, Oakland, CA, 94621 $450,000 -- -- 1,522 1,522 SqFt
Plymouth Street, Oakland, CA, 94621 $888,000 -- -- 3,178 3,178 SqFt
7448 Lockwood St, Oakland, CA, 94621 $899,000 8 4 --
1467 74th Ave, Oakland, CA, 94621 $500,000 -- -- --

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ByOwner last updated this listing 06/09/2026 @ 14:14

MLS: 41137423 LISTED BY: Joey Wang, Keller Williams Realty 925-934-2900 SOURCE: CRMLS

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