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!
Sold for $795,200
$795,200
5420 Ygnacio Ave, Oakland, CA 94601
8beds
4baths
4,080sqft
Multi Family, Quadruplex
Built in 1952
-- sqft lot
$782,300 Zestimate®
$195/sqft
$2,512 Estimated rent
Home value
$782,300
$704,000 - $868,000
$2,512/mo
Zestimate® history
Owner options
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$5,154/mo
Est. payment
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$5,154/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Kathleen Sims DRE #00815462 510-470-0932,
Re/max Lifestyles
Bought with:
Hira Bakhsh, DRE #02117916
Flat Rate Realty
Source: CCAR,MLS#: 41096336
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Gravity
Cooling
- No Air Conditioning
Appliances
- Included: Gas Water Heater
- Laundry: In Basement
Features
- Flooring: Linoleum, Tile, Carpet, Wood
- Has fireplace: No
Interior area
- Total structure area: 4,080
- Total interior livable area: 4,080 sqft
Property
Parking
- Parking features: Garage, Off Street
- Has garage: Yes
Features
- Exterior features: Garden
Lot
- Size: 4,791 Square Feet
- Features: Sloped Up, Back Yard, Garden
Details
- Parcel number: 352375103
- Special conditions: Successor Trustee Sale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
- Attached to another structure: Yes
Materials
- Brick, Stucco, Wood
- Roof: Composition
Condition
- Year built: 1952
Community & HOA
Community
- Features: None
- Subdivision: Melrose
HOA
- Has HOA: No
Location
- Region: Oakland
Financial & listing details
- Price per square foot: $195/sqft
- Tax assessed value: $1,045,282
- Date on market: 5/6/2025
- Total actual rent: 2000
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2025 | Sold | $795,200-0.2%$195/sqft |
Source:  CCAR #41096336 Report a problem | ||
| 5/24/2025 | Pending sale | $797,000$195/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #41096336 Report a problem | ||
| 5/6/2025 | Listed for sale | $797,000$195/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41096336 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,045,282 +2% |
| 2024 | $16,747 -4.3% | $1,024,794 +2% |
| 2023 | $17,494 +230% | $1,004,700 +585.5% |
| 2022 | $5,301 +15.8% | $146,562 +2% |
| 2021 | $4,577 +1.4% | $143,689 +1% |
| 2020 | $4,515 +12.1% | $142,215 +2% |
| 2019 | $4,027 +10.3% | $139,427 +2% |
| 2018 | $3,652 | $136,693 +2% |
| 2017 | $3,652 +5.5% | $134,013 +2% |
| 2016 | $3,461 -4.6% | $131,385 +1.5% |
| 2015 | $3,627 | $129,412 +2% |
| 2014 | $3,627 | $126,878 +0.5% |
| 2013 | -- | $126,304 +2% |
| 2012 | -- | $123,828 +2% |
| 2011 | -- | $121,401 +0.8% |
| 2010 | -- | $120,494 -0.2% |
| 2009 | -- | $120,780 +2% |
| 2008 | -- | $118,412 +2% |
| 2007 | -- | $116,091 +2% |
| 2006 | -- | $113,815 +2% |
| 2005 | -- | $111,584 +2% |
| 2004 | -- | $109,398 +1.9% |
| 2003 | -- | $107,393 +2% |
| 2002 | -- | $105,287 +2% |
| 2001 | $2,228 | $103,222 |
Find assessor info on the county website
Neighborhood: Fairfax
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Nearby schools
GreatSchools rating
- 1/10Horace Mann Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Melrose Leadership AcademyGrades: K-8Distance: 0.5 mi
- 2/10Fremont HighGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Oakland (510) 879-8111
Source: CCAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$782,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$782,300
- California
- Alameda County
- Oakland
- 94601
- Fairfax
- 5420 Ygnacio Ave
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