978 75Th Ave, Oakland, CA 94621
978 75Th Ave, Oakland, CA 94621
978 75Th Ave, Oakland, CA 94621
978 75Th Ave, Oakland, CA 94621
978 75Th Ave, Oakland, CA 94621
978 75Th Ave, Oakland, CA 94621
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John Fondnazio

John Fondnazio

eXp Realty, Northern California, Inc

+1(925) 817-9053
Listed by Keller Williams Realty 
$ 895,000
Est. payment | /mo

2,916 SqFt

Save
$ 895,000
Est. payment | /mo
Save

2,916 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,916 sqft

Price per Sqft $306

Subdivision Elmhurst

MLS Listing ID 41137423

HOA Y/N No

Year Built 1943

Lot Size 4,000 Sqft

Property Sub-Type Quadruplex

Source Bridge AOR

Property Description

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

State CA

County Alameda

Interior

Heating Natural Gas, Wall Furnace

Cooling No Air Conditioning

Flooring Tile, Vinyl

Fireplace No

Laundry In Unit

Building

Lot Description Corner Lot, Level, Paved

Water Public

NEARBY SCHOOL & BUSINESS

John Fondnazio

+1(925) 817-9053

john@teamfondnazio.com

1212 Broadway Plz, Walnut Creek, CA, 94596-5129, USA

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