978 75Th Ave, Oakland, CA 94621

About this fourplex

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 description from the August 2026 sale, as reported to CRMLS.

Sale history

$980,000

Sold August 2026 · listed $895,000, on market June 2026 · MLS #41137423 · Source: CRMLS

Listing Agent: Joey Wang · Listing Office: Keller Williams Realty · Contact: 925-934-2900 · Bought with: Kailey Thu Mai · Wonder Rates

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