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Listed by Kathleen Sims • RE/MAX Lifestyles
$797,000
Est. payment /mo
8 Beds
4 Baths
4,080 SqFt
New
5420 Ygnacio Ave Oakland, CA 94601
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,080 sqft
Price per Sqft $195
MLS Listing ID CC41096336
Bedrooms 8
Originating Board Contra Costa Association of Realtors
Year Built 1952
Lot Size 4,890 Sqft
Property Sub-Type Fourplex
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
Area Oakland Zip Code 94601
Interior
Heating Gravity
Cooling Air Conditioning - None
Flooring Linoleum, Tile, Carpet - Wall to Wall, Wood
Laundry In Basement
Exterior
Exterior Feature Stucco, Brick
Parking Features Garage, Off-Street Parking
Roof Type Composition
Building
Lot Description Grade - Sloped Up
Sewer Sewer - Public
Water Public, Heater - Gas
Others
Tax ID 352-375-103
Special Listing Condition New
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