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978 75th Ave, Oakland, CA 94621

$895,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Joey Wang | joey.wang@loremultifamily.com
Lic#: 01890931
Broker: Courtesy of Keller Williams Realty
Phone: 510-592-5554

Agent Remarks

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.

Listing Details

Property type: Quadruplex (Multi-Family)

Status: Active

MLS# 41137423

Price: $895,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1943

0.09 acres

Lot size: 0.0918

Subdivision: ELMHURST

County: Alameda

Zoning: CIX-2

Construction: Stucco,Wood Siding

Lot description: Corner Lot,Street Level

Heating description: Natural Gas,Wall Furnace

Last Updated: 6/12/2026

Days On Market (DOM): 19

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Lat/Long: 37.754466, -122.191478.
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