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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!
Property Type(s):
Residential Income
| Last Updated | 5/6/2025 | Tract | MELROSE |
|---|---|---|---|
| Year Built | 1952 | County | Alameda |
Additional Details
| APPLIANCES | Gas Water Heater |
|---|---|
| CONSTRUCTION | Brick, Stucco, Wood Siding |
| GARAGE | Garage, On Street, Yes |
| HEAT | Gravity |
| HOA DUES | 0 |
| LOT | 4890 sq ft |
| LOT DESCRIPTION | Back Yard, Sloped Up |
| PARKING | Garage,On Street |
| SEWER | Public Sewer |
| SUBDIVISION | MELROSE |
Location
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Listed with RE/MAX Lifestyles
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