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1035 76th Ave, Oakland, California 94621, Oakland, 94621 - bed, bath

1035 76th Ave, Oakland, California 94621 home-pic-0
ACTIVE$748,888
1035 76th Ave, Oakland, California 94621
0Bed
0Bath
Sqft
5,000Lot
Year Built
1966
Close
-
List price
$749K
Original List price
$748K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41118138
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $748.9K(75th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).

This four unit property is ready for a new investor or, potentially, owner occupier! It currently brings in steady rental income with an 9.52% cap rate and about seventy five thousand dollars in annual gross rents. The building consists of three 2 bed 1 bath units and one 3 bed 1 bath unit, all fully occupied. That means rental income from day one of ownership. It’s subject to Oakland’s rent control and Just Cause ordinance, giving buyers a clear sense of how to plan long term. The Coliseum neighborhood location offers quick access to BART, freeways, and transit, which supports strong ongoing demand. It’s a straightforward choice for investors who want reliable returns, but it also leaves the door open for an owner occupant willing to take on the required steps for future use. This property won't last long. Contact agent for more details! OFFER DATE 12/22/2025 by 3pm

Nearby schools

1/10
Encompass Academy Elementary
Public,•K-5•0.3mi
5/10
Acorn Woodland Elementary School
Public,•K-5•0.3mi
2/10
Futures Elementary School
Public,•K-5•0.5mi
2/10
Community United Elementary School
Public,•K-5•0.5mi
2/10
Rise Community School
Public,•K-5•0.7mi
1/10
New Highland Academy
Public,•K-5•0.7mi
1/10
Roots International Academy
Public,•6-8•0.5mi
3/10
Coliseum College Prep Academy
Public,•6-12•0.5mi
1/10
Castlemont High
Public,•9-12•1.5mi
2/10
Fremont High
Public,•9-12•1.7mi
2/10
Oakland International High School
Public,•9-12•6.6mi

Price History

Date
Event
Price
11/25/25
Price Change
$748,888
11/24/25
Listing
$748,000
10/08/19
Sold
$779,000
12/22/16
Sold
$566,000
10/07/16
Sold
$465,000
11/26/14
Sold
$267,000
12/29/04
Sold
$550,000
Condition Rating
Poor
Built in 1966, this property shows significant signs of age and deferred maintenance across its units. The kitchens feature dated cabinets (some dark wood, some painted white), worn laminate countertops, and a mix of older and basic appliances. Bathrooms are very basic with older vanities, laminate tops, and dated tile work. Throughout the units, there are popcorn ceilings, worn laminate flooring or old, stained carpets, and basic, utilitarian light fixtures. Visible issues include peeling paint, scuffed walls, and discolored ceilings in some areas. While functional for tenants, the property requires substantial cosmetic rehabilitation and likely significant system upgrades (HVAC, electrical, windows) to meet modern standards and improve comfort and appeal.
Pros & Cons

Pros

High Cap Rate & Income: Offers a strong 9.52% cap rate and $75,000 in annual gross rents, ensuring immediate and substantial cash flow from a fully occupied property.
Fully Occupied Quadruplex: A four-unit residential income property with all units currently occupied, providing diversified and stable rental income from day one of ownership.
Strategic Location & Transit Access: Situated in the Coliseum neighborhood with excellent access to BART, freeways, and public transit, supporting strong ongoing tenant demand.
Versatile Investment Opportunity: Appeals to both experienced investors seeking reliable returns and potential owner-occupiers, broadening the buyer pool.
Diverse Unit Mix: Comprises three 2-bedroom/1-bathroom units and one 3-bedroom/1-bathroom unit, catering to a wider range of tenant needs and preferences.

Cons

Oakland Rent Control & Just Cause: Subject to Oakland's rent control and Just Cause ordinances, which may limit rent growth and tenant management flexibility for investors.
Property Age: Built in 1966, the property is nearly 60 years old, suggesting potential for deferred maintenance or future capital expenditure requirements for upgrades.
Mixed Local School Ratings: While one elementary school is highly rated, several other nearby schools have lower ratings, which could impact appeal for family-oriented tenants or owner-occupiers.

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