978 75Th Ave Ave, Oakland, CA 94621 (MLS # 41137423)

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PRICE $895,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 3,999 sqft
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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.

DAYS ON MARKET 15 LAST UPDATED 6/5/2026
TRACT ELMHURST YEAR BUILT 1943
COUNTY Alameda STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
CONSTRUCTION Stucco, Wood Siding
HEAT Natural Gas, Wall Furnace
LOT 3999 sq ft
LOT DESCRIPTION Corner Lot
LOT DIMENSIONS 4000
SUBDIVISION ELMHURST
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TOTAL MONTHLY PAYMENT

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Listed with Keller Williams Realty

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