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$980,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 978 75th Ave

General

  • Sold For: $980,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MAX
  • MLS ID: 41137423
  • Added to Site: 81 day(s) ago

Interior

  • Flooring: Tile, Vinyl

Rooms

Other Rooms

  • Laundry: In Unit

Exterior

  • Exterior Features: Yard Space

Parking

  • Parking Features: Uncovered Parking Space, Uncovered Park Spaces 2+, Street Parking

Location

  • Area: Listing
  • County: Alameda
  • Subdivision: Elmhurst
  • Driving Directions: From I-880, take Hegenberger east, right on Hamilton, right on 75th Ave. Property is on right side.

Heating & Cooling

  • Cooling Type: No Air Conditioning
  • Heating Type: Natural Gas, Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Individual Electric Meter, Individual Gas Meter

Structural Information

  • Exterior Const.: Stucco, Frame
  • Roof: Shingle
  • Living Area: 2,916 Sq. Ft.
  • Year Built: 1943

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Dimensions: 4000
  • Lot Features: Corner Lot, Level, Paved
  • Fencing (Description): Partial Fence, Fenced

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $307

Disclosures and Reports

  • Property ID: 41415715

Listed by Keller Williams Realty, Joey Wang
Sold by Wonder Rates, Kailey Thu Mai

Listing agent

— 978 75th Ave —

  • Joey Wang

    Keller Williams Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 978 75th Ave

School District:Oakland Unified School District
NameGradesDistance
Futures Elementary School
6701 International Boulevard, Oakland, CA 94621
K-50.5 mi
Coliseum College Prep Academy
1390 66th Avenue, Oakland, CA 94621
6-120.5 mi
Castlemont High
8601 MacArthur Boulevard, Oakland, CA 94605
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 978 75th Ave

Date
Details
Price
Change
Source
8/04/2026
Sold
$980,000
9.5%
MLS
6/05/2026
Listed
$895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Keller Williams Realty, Joey Wang
Sold by Wonder Rates, Kailey Thu Mai

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978 75th Ave, Oakland, CA 94621 (MLS# 41137423) is a Multi-Family property that was sold at $980,000 on August 04, 2026. Want to learn more about 978 75th Ave? Do you have questions about finding other Multi-Family real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.