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… Read More 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. Read Less
Property listed by Keller Williams Realty, Joey Wang 310-259-7556
Listing Snapshot
Days Online
17
Last Updated
Property Type
Quadruplex
Lot Size
0.09 Acres
Year Built
1943
MLS Number
41137423
Additional Details
Building
Built in 1943, Construction Materials: Stucco, WoodSiding
Floors
Tile, Vinyl
Heating
NaturalGas, WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $117,660
Lot
0.0918 acres, CornerLot, StreetLevel
Parking
4 total parking spaces
Taxes
Parcel Number: 41415715, Zoning: CIX-2
Tenant Pays
Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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