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Listed by Kathleen Sims • RE/MAX Lifestyles
$797,000
Est. payment /mo
4,080 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,080 sqft
Price per Sqft $195
Subdivision Melrose
MLS Listing ID 41096336
HOA Y/N No
Year Built 1952
Lot Size 4,890 Sqft
Property Sub-Type Quadruplex
Source CONTRA COSTA
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
Cooling No Air Conditioning
Flooring Linoleum, Tile, Carpet, Wood
Fireplace No
Appliance Gas Water Heater
Laundry In Basement
Building
Lot Description Sloped Up, Back Yard, Garden
Water Public
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
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Sammy Shrimali
Broker Associate | License ID: 01009299
Broker Associate License ID: 01009299