978 75Th Ave, Oakland, CA 94621
List Price: $895K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1943
Lot Size: 4,000 sq ft
MLS Number: 41137423
About This Property
978 75th Ave delivers stabilized income at $895,000. Fully occupied four-unit building — two 3BR/1BA and two 2BR/1BA — with $117,660 in annualized gross income and a proforma NOI of $76,073. Three units on active HACA HAP contracts with ~$8,055/month in combined HAP payments. Separate gas and electric meters for all four units; tenants pay their own utilities. Updated kitchens with quartz countertops and shaker cabinets. New LVP flooring and fresh paint throughout accessible units. Individual Rheem tankless water heaters per unit (2019). Four on-site parking spaces, one per unit. One block from I-880 access; under a mile to Coliseum BART. At $307/SF and $223,750/unit, the numbers work today — and market rents point to 9.5% at turnover.
Listing provided by: Joey Wang DRE #01890931 925-934-2900 joey.wang@loremultifamily.com, Keller Williams Realty
Source: CRMLS, MLS #: 41137423
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.