978 75Th Ave, Oakland, CA 94621
Fully occupied East Oakland fourplex with private entries, assigned parking, and updated kitchens supporting HACA HAP income.
- Added:
- Jun 10, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 11 at 3:59 am
Property Features for 978 75Th Ave
General Information
- Standard status
- Active
- Size
- 2,916 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1943
Listing agent Joey Wang (510) 592-5554
Listing office Keller Williams Realty Walnut Creek (510) 592-5554
Listing date Jun 10, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Walnut Creek
HighLights
- Fully occupied East Oakland fourplex, built in 1943, with 4 units and separate private entries.
- Unit mix: two 3BD/1BA and two 2BD/1BA units in a two‑story building totaling approx. 2,916 SF.
- Three units are under active HACA HAP contracts.
- Annualized gross income of $117,660 and proforma NOI of $76,073.
- Separate utility meters; tenants pay their own gas and electric with a reported 30.5% expense ratio.
- Assigned parking and updated kitchens with quartz countertops and shaker cabinetry.
Overview
The property is located along the 75th Avenue corridor in East Oakland, less than one mile from Coliseum BART. The asset is positioned within an established rental neighborhood and is fully occupied, with three of the four units operating under active HACA HAP contracts.
From an owner-operator perspective, the combination of private entries, assigned parking, and separate utilities simplifies day-to-day tenancy management while maintaining consistent rent support through the HACA HAP agreements. Annualized gross income is $117,660 with a proforma NOI of $76,073. Financial figures provided include a lean expense ratio of 30.5% based on tenant-paid gas and electric. The asking price is $895,000, reflecting $223,750 per unit and approximately $307 per square foot, as stated in the offering remarks.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.1914755
- Latitude
- 37.7544484
