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.
Property Details
Price:
$895,000
MLS #:
41137423
Status:
Pending
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Subdivision:
ELMHURST
Listed Date:
Jun 5, 2026
Lot Size:
4,000 sqft / 0.09 acres (approx)
Year Built:
1943
See this Listing
Schools
Interior
Flooring
TILE, VINY
Heating
GAS, WL
Exterior
Construction Materials
STC, WOD
Parking Spots
4
Parking Total
4
Financial
Map
Community
- Address978 75Th Ave Oakland CA
- SubdivisionELMHURST
- CityOakland
- CountyAlameda
- Zip Code94621
Subdivisions in Oakland
- ALAMEDA
- ALLENDALE
- ARROYO PARK
- CENTRAL STATION-PACIFIC CANNERY LOFTS
- CLEVELAND HEIGHTS
- CLINTON
- CRESTMONT
- CROCKER HGHLANDS
- CROCKER/GLENVIEW
- DIMOND
- E OAKLAND
- EAST OAKLAND
- ELMHURST
- GLENVIEW
- HARRINGTON
- HIGHLAND PARK
- HILLER HIGHLANDS
- Hoover-Foster
- JACK LONDON
- KING ESTATES
- LAKESIDE
- LAS PALMAS
- LINCOLN HIGHLAND
- LOCKWOOD
- Longefellow
- LOWER ROCKRIDGE
- MACARTHUR
- MERRIEWOOD
- MILLMONT
- MONTCLAIR
- MOSSWOOD
- NOBE
- OAK CENTER
- OAK KNOLL
- OAKLAND
- OAKLAND HILLS
- OAKLAND ZOO
- PIEDMONT BORDER
- PRESCOTT
- Prescott South
- REDWOOD HEIGHTS
- RIDGEMONT
- ROCKRIDGE
- SAN ANTONIO
- SANTA FE
- SEQUOYAH HILLS
- TEMESCAL
- UPPER DIMOND
- UPPER LAUREL
- UPPER MILLSMONT
- UPPER ROCKRIDGE
- Uptown
- WEST OAK
- WEST OAKLAND
Market Summary
Current real estate data for Single Family in Oakland as of Jul 10, 2026
431
Single Family Listed
99
Avg DOM
506
Avg $ / SqFt
$992,064
Avg List Price
Property Summary
- Located in the ELMHURST subdivision, 978 75Th Ave Oakland CA is a Single Family for sale in Oakland, CA, 94621. It is listed for $895,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1943. The average price per square foot for Single Family listings in Oakland is $506. The average listing price for Single Family in Oakland is $992,064.
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