978 75Th Ave, Oakland, CA 94621
978 75Th Ave, Oakland, CA 94621
978 75Th Ave, Oakland, CA 94621
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$895,000
Est. payment /mo
3,998 Sqft Lot
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UPDATED:

Key Details

Property Type 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

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Listed by Joey Wang Keller Williams Realty #01890931

NEARBY SCHOOL & BUSINESS

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