Fourplex with Private
978 75Th Ave Oakland, CA 94621
978 75Th Ave, Oakland, CA, 94621
$895,000
Pending
For Sale
$895,000
Pending
MULTI_FAMILY - Oakland, CA
Property Size2,916 SF
Lot Size0.09 Acres
Days on Market47
Property Features for 978 75Th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CIX-2
- Bedrooms
- 10
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 9, Bedroom 7, Bedroom 8, Bedroom 6, Bedroom 1, Bedroom 10
- Parking features
- Covered
- Exterior features
- Yard Space
- Fencing
- Partial, Fenced
- Standard status
- Pending
- APN
- 41415715
- Size
- 2,916 SF
- Lot size
- 0.09 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1943
- Flooring type
- Tile, Vinyl
- Building materials
- Stucco, Frame
Listing agency
Keller Williams Realty
(925) 934-2900
Listed by
Joey Wang · License #01890931
(510) 592-5554
Added: Jun 5 Updated: Jul 12 at 5:32AM Checked: Jul 21 at 9:06PM
MLS# 41137423
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
978 75th Ave is a fully occupied, two-story East Oakland fourplex with four private-entry units. The building totals approximately 2,916 square feet and includes two 3BD/1BA units and two 2BD/1BA units. Each unit has assigned parking and an updated kitchen with quartz countertops and shaker cabinetry. Separate utility meters serve all four units, and tenants pay their own gas and electric, supporting a lean expense ratio.
The property is situated along the 75th Avenue corridor, less than a mile from Coliseum BART. Three of the four units are operated under active HACA HAP contracts, and the remaining unit is currently in place as part of the overall stabilized tenancy.
For buyers seeking immediate income, the current structure provides annualized gross income of $117,660 and a proforma NOI of $76,073. The listing also notes annualized figures consistent with a current cap rate of 8.5%, and the current rents are described as approximately 8% below market, with potential for additional rent at turnover. For sale in Oakland, this is a turnkey option for an investor or operator looking for a stabilized, HAP-supported multifamily asset.
The property is situated along the 75th Avenue corridor, less than a mile from Coliseum BART. Three of the four units are operated under active HACA HAP contracts, and the remaining unit is currently in place as part of the overall stabilized tenancy.
For buyers seeking immediate income, the current structure provides annualized gross income of $117,660 and a proforma NOI of $76,073. The listing also notes annualized figures consistent with a current cap rate of 8.5%, and the current rents are described as approximately 8% below market, with potential for additional rent at turnover. For sale in Oakland, this is a turnkey option for an investor or operator looking for a stabilized, HAP-supported multifamily asset.
Key Highlights
- Fully occupied East Oakland fourplex on the 75th Avenue corridor, less than 1 mile from Coliseum BART
- Two‑story, approx. 2,916 SF building with 2x 3BD/1BA and 2x 2BD/1BA units (each unit has a private entry)
- 3 of 4 units are under active HACA HAP contracts
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.7k | $34.20 |
| − Vacancy | −$4.3k | −$1.46 |
| EGI | $95.5k | $32.74 |
| − OpEx | −$28.6k | −$9.82 |
| NOI | $66.8k | $22.92 |
2,916 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$954.7K
$835.4K – $1.11M
NOI $66,828 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$879.6K
$769.6K – $1.03M
NOI $61,571 @ 7.0% cap · market cap 6.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex with separate utility meters and assigned parking, with three units under active HACA HAP contracts.
Where is this quadplex located?
The property is located at 978 75Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Fully occupied East Oakland fourplex on the 75th Avenue corridor, less than 1 mile from Coliseum BART; Two‑story, approx. 2,916 SF building with 2x 3BD/1BA and 2x 2BD/1BA units (each unit has a private entry); 3 of 4 units are under active HACA HAP contracts
