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978 75th Ave, Oakland, CA 94621

Oakland
Local realty services provided by:CENTURY 21 Sierra Properties
978 75th Ave,Oakland, CA 94621
$895,000
  • 10 Beds
  • - Baths
  • 2,916 sq. ft.
  • Multi-family
  • Pending
Listed by: joey wang
Office: keller williams realty925-934-2900
MLS#:41137423
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$895,000
  • Price per sq. ft.:$306.93

About this home

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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Home facts

  • Year built:1943
  • Listing ID #:41137423
  • Added:48 day(s) ago
  • Updated:July 24, 2026 at 08:27 AM

Rooms and interior

  • Bedrooms:10
  • Flooring:Tile, Vinyl
  • Living area:2,916 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Wall Furnace

Structure and exterior

  • Year built:1943
  • Building area:2,916 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Corner Lot, Level, Paved
  • Architectural Style:Quadruplex
  • Construction Materials:Frame, Stucco
  • Exterior Features:Corner Lot, Level, Paved, Yard Space

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$306.93

Features and amenities

  • Laundry features:In Unit
  • Amenities:Carbon Monoxide Detector(s), Smoke Detector(s)

Parking

  • Parking description:Street Parking, Uncovered Park Spaces 2+, Uncovered Parking Space
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at July 24, 2026 CA_BRIDGEMLS Member Broker: Jesse Gibbs

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