REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Kathleen W Sims • RE/MAX Lifestyles
$ 797,000
Est. payment /mo
Active
5420 Ygnacio Ave Oakland, CA 94601
4,890 Sqft Lot
UPDATED:
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
Virtual Tour https://www.tourfactory.com/idxr3204761