Ad #7869480
MLS #41137423
Situated along the 75th Avenue corridor less than a mile from
978 75Th Ave, Oakland, California, 94621
$895,000
10Beds
--Baths
2,916Sqft
0.092Acres
About this property
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.
Property Features
10 Beds
0 Baths
2,916 Sqft
Built in 1943
0.092 Acres
Covered
Siding: Stucco, Frame
Natural Gas, Wall Furnace
Alameda County
ELMHURST Community
Additional Photos
Contact Information
Joey Wang
Keller Williams Realty Walnut Creek
510-592-5554
Location
Listing Agent: Joey Wang 510-592-5554
Broker: Keller Williams Realty Walnut Creek 925-934-2900 Listing Site
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Realty Walnut Creek 925-934-2900 Listing Site
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$895,000
10
Beds
--
Baths
2,916
Sqft
978 75Th Ave, Oakland, California, 94621
By contacting this agent you agree to these Terms and Conditions.
MLS# 41137423
Situated along the 75th Avenue corridor less than a mile from
$895,000
978 75Th Ave, Oakland, California, 94621
10
Beds
--
Baths
2,916
Sqft
0.092
Acres
$895,000
978 75Th Ave, Oakland, California, 94621
10 Beds
-- Baths
2,916 Sqft
0.092 Acres
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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Property Details
HOME DETAILS
10 Beds
0 Baths
2,916 Sqft
Built in 1943
0.092 Acres
EXTERIOR
Covered
Siding: Stucco, Frame
INTERIOR
Natural Gas, Wall Furnace
FINANCIAL & COMMUNITY
Alameda County
ELMHURST Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7869480
Viewed
32 times
Listing Status
Pending
Added
Jul 03, 2026
Last Refresh
Jul 24, 2026 07:15:10 PM
Listing Information
Data Source
BridgeMLS
Source Property ID
41137423
Listing Agent: Joey Wang 510-592-5554
Broker: Keller Williams Realty Walnut Creek 925-934-2900 Listing Site
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Realty Walnut Creek 925-934-2900 Listing Site
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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