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978 75Th Ave

oakland, CA 94621

$895,000

    Interested? Let's Connect

    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.

    Details

    4,000 Sq Ft Lot Size

    investment

    Built in 1943

    MLS/Listing ID 41137423

    4 Units

    Amenities & Features

    Construction - Wood Siding

    Construction - Stucco

    Vinyl

    Tile

    Heating - Wall Furnace

    Heating - Natural Gas

    Lot - Street Level

    Lot - Corner Lot

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    TOTAL MONTHLY COST

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    • PRINCIPAL & INTEREST

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    • PROPERTY TAXES

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    • Common Charges

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