5388-5390 Elsinore Way, Fair Oaks, CA 95628, Fair Oaks, 95628 - 4 bed, 2 bath
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5388-5390 Elsinore Way
Fair Oaks, CA 95628
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,938Sq Ft
7,453Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$580,766
SUMMARY
This Duplex Residential Income property is a Strong Value Opportunity, listed at $575,000—positioned well below the $580,766 Fair Market Value by 1%. This valuation gap offers $5,766 in Instant Equity. With a Condition Rating of 3, the property features a Remodeled Granite Kitchen and updated bathrooms, ensuring immediate rental readiness. The inclusion of a Private Patio and garage space enhances tenant appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, cash-flow-ready asset in a prime Fair Oaks location.
Estimated Market Value
$580,766
Based on Realkey algorithm analyzing recent comparable sales in Fair Oaks.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Property is well-maintained and move-in ready. Despite being built in 1972, it features a 5-15 year old renovation style with remodeled kitchens featuring granite countertops, updated bathrooms, newer flooring, and recently replaced water heaters.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Potential
The property is cash-flow ready with one unit currently rented and the other vacant, allowing an owner-occupant or investor to immediately capture market-rate rents.
- Modernized Interiors
Both units feature remodeled kitchens with granite countertops and updated bathrooms, significantly reducing the need for immediate capital improvements.
- Completed Maintenance
The seller has already addressed Section 1 structural pest repairs and installed new water heaters, providing added value and peace of mind for the buyer.
CONSRISKS & DEFICIENCIES
- Market Stagnation
With 49 days on the market and a recent price reduction, the property may be facing buyer hesitation or initial overpricing relative to current demand.
- Limited Bathroom Count
Each two-bedroom unit features only one bathroom, which may be a competitive disadvantage for tenants or families seeking more modern convenience.
About 5388-5390 Elsinore Way
FANTASTIC cash flow ready opportunity for Sacramento area real estate investor or owner occupant! This spacious duplex is quietly nestled in a prime Fair Oaks neighborhood. Each 2-bedroom, 1-bath unit features a 1-car garage, big living room, remodeled kitchen with granite counters & ample cabinet storage, nice sized bedrooms & updated bathrooms. 5388 tenants moved in 2.5yrs ago, currently month-to-month, rent is $2020 + $80 for utilities & has new kitchen flooring & new water heater. #5390 is vacant, current fair market rent is $2100 (last rented for $1970 + $30 utilities) & has a newer water heater (replaced last year). Seller had Section 1 structural pest repairs completed. Great location near schools, parks & shopping. Excellent opportunity for income, multigenerational living, or future flexibility!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1972
- Lot Size
- 7,453 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 8.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,938 | 2,680 |
| Lot Size | 7,453 | 18,731 |
| Price | $550.0K | $700.0K |
| Price per sq ft | $284 | $261 |
| Built year | 1972 | 1961 |
| HOA | $0 | $0 |
| Days on market | 77 | 22 |
Pricing History
Listed for Sale
Oct 1, 2026
$550,000
$575,000
-4% Price Drop
Initial Listing
Price Change
Sep 11, 2026
$575,000
$599,000
-4% Price Drop
Initial Listing
Price Change
Aug 8, 2026
$599,000
Initial Listing
Sold
Feb 15, 1994
$128,000
Public Record