5420 Ygnacio Ave Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94601
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Melrose
MLS Listing ID 01-41096336
Year Built 1952
Lot Size 4,890 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. 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. A great opportunity with solid bones and rental income upside. Current taxes are based on 2023 County reassessment of $1,024,794!
Location
State CA
County Alameda
Interior
Heating Gravity
Flooring Carpet,Laminate,Tile,Wood
Exterior
Parking Features Garage,Street
Building
Lot Description Up Slope from Street,Back Yard
Sewer Public Sewer
Others
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