14
See all 14 photos
$895,000
Est. payment /mo
3,998 Sqft Lot
New
978 75Th Ave Oakland, CA 94621
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Elmhurst
MLS Listing ID 41137423
HOA Y/N No
Year Built 1943
Lot Size 3,998 Sqft
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Alameda
Zoning CIX-2
Interior
Heating Natural Gas, Wall Furnace
Flooring Tile, Vinyl
Fireplace No
Exterior
Total Parking Spaces 4
Building
Lot Description Corner Lot, Street Level
Others
Tax ID 41415715
Listed by Joey Wang Keller Williams Realty #01890931
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION