Under contract

978 75Th Ave, Oakland, CA 94621

Beds
10
Sqft
2,916

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams Realty East Bay
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
10
Square feet
2,916
Lot size (acres)
0.09
Year built
1943

Interior features

Laundry
In Unit

Exterior features

Water view
Yes

Utilities

Heating
Wall Furnace, Natural Gas
Sewer
Public Sewer
Water
Public Water

Public schools

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Sourced from: Bay East Association of REALTORS MLS®#: 41137423 Last checked:

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