45
See all 45 photos
$797,000
Est. payment /mo
4,891 Sqft Lot
New
5420 Ygnacio Ave Oakland, CA 94601
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Melrose
MLS Listing ID 41096336
HOA Y/N No
Year Built 1952
Lot Size 4,891 Sqft
Property Sub-Type Quadruplex
Property Description
Prime Investment Opportunity in Oakland's Melrose District! Welcome to 5420–5426 Ygnacio Avenue, a well-located fourplex at the southeast side of the desirable Maxwell Park—perfect for investors seeking strong upside rental potential! This nice building offers bright and spacious 2-bedroom, 1-bath units, each with dedicated dining area and built-in cabinet, abundant natural light. Kitchen with floor to ceiling pantry. Tenants enjoy a community-oriented atmosphere; all rents are current, providing immediate rental income. No recent rent increases, allowing savvy buyers to explore "banked rent" potential per local regulations. All units are identical-2 units pictured. Three enclosed garages w/additional driveway parking—rare in this market! A generously sized backyard patio with adjacent UNDEVELOPED LAND just past patio; ideal for an ADU or easy expansion to significantly boost rental income $$$. A shared coin-operated laundry for additional cash flow; Separate PG&E meters (tenant paid); owner pays water and garbage The property would benefit from a fresh coat of paint and low termite repair, it is not a fixer. A great opportunity with solid bones and rental income upside. This is a Trustee sale with full authority to sell, offering a smooth path to closing. PRICED TO SELL!
Location
State CA
County Alameda
Interior
Heating Gravity
Flooring Carpet, Laminate, Tile, Wood
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Garage, On Street
Roof Type Shingle
Building
Lot Description Back Yard, Sloped Up
Sewer Public Sewer
Others
Tax ID 352375103
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.tourfactory.com/3204761
Listed by Kathleen Sims • RE/MAX Lifestyles