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978 75th Ave

Oakland CA 94621

2916 sq. ft.
4000 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

2916 sq. ft. floor area
4000 sq. ft. lot size
Duplex

Property history for 978 75th Ave

2019
Sold
$701,000
14 Jan 2019 by Marla Kuresa, of Marla Kuresa, Broker
2018
Rented
Undisclosed
07 Dec 2018 by BETTER HOMES REALTY/MCARTHR

Happy sellers in Oakland

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We have insufficient information to provide an overview of customer satisfaction for Oakland. Viewing the agent profiles, reviews and sales for Oakland can provide insights for this location.

Local market activity for duplexes in Oakland

In the last 12 months, 16 duplexes similar to 978 75th Ave, have been sold.

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