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.
Sold for $980,000
Zillow last checked:
Listing updated:
Bought with:
Kailey Thu Mai, DRE #02291555
Wonder Rates
Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41137423
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Sold | $980,000+9.5%$336/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #41137423 Report a problem | ||
| 7/3/2026 | Pending sale | $895,000$307/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41137423 Report a problem | ||
| 6/5/2026 | Listed for sale | $895,000-31.2%$307/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41137423 Report a problem | ||
| 7/25/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 7/13/2022 | Price change | $2,729+22.1%$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 6/1/2022 | Listed for rent | $2,235-4.1%$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 11/4/2021 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 8/4/2021 | Listed for rent | $2,330$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 2/18/2020 | Listing removed | $1,300,000$446/sqft |
Source: Movoto Real Estate #40891425 Report a problem | ||
| 1/22/2020 | Price change | $1,300,000+10.2%$446/sqft |
Source: Movoto Real Estate #40891425 Report a problem | ||
| 1/3/2020 | Listed for sale | $1,180,000+8.3%$405/sqft |
Source: Movoto Real Estate #40891425 Report a problem | ||
| 12/21/2019 | Listing removed | $2,330$1/sqft |
Source: Go Section8 Report a problem | ||
| 12/4/2019 | Listed for rent | $2,330-22.3%$1/sqft |
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| 9/4/2019 | Listing removed | $3,000$1/sqft |
Source: Go Section8 Report a problem | ||
| 8/20/2019 | Price change | $3,000+28.8%$1/sqft |
Source: Go Section8 Report a problem | ||
| 7/11/2019 | Price change | $2,330-27.6%$1/sqft |
Source: Go Section8 Report a problem | ||
| 6/20/2019 | Listed for rent | $3,220$1/sqft |
Source: Go Section8 Report a problem | ||
| 6/20/2019 | Listing removed | $1,090,000$374/sqft |
Source: Movoto Real Estate #40869084 Report a problem | ||
| 6/7/2019 | Listed for sale | $1,090,000+55.5%$374/sqft |
Source: Movoto Real Estate #40869084 Report a problem | ||
| 1/14/2019 | Sold | $701,000+0.3%$240/sqft |
Source: MetroList Services of CA #18081749 Report a problem | ||
| 1/9/2019 | Pending sale | $699,000$240/sqft |
Source: Marla Kuresa, Broker #18081749 Report a problem | ||
| 1/9/2019 | Listed for sale | $699,000$240/sqft |
Source: Marla Kuresa, Broker #18081749 Report a problem | ||
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Estimated market value
$979,800
