5388 Elsinore Way, Fair Oaks, CA 95628, Fair Oaks, 95628 - 4 bed, 2 bath
Loading property details...
5388 Elsinore Way
Fair Oaks, CA 95628
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,938Sq Ft
7,453Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$667,626
10% BelowMARKET VALUE
SUMMARY
This Residential Income Duplex is a Strong Value Opportunity, listed at $599,000—positioned well below the $667,626 Fair Market Value by 10%. This valuation gap offers $68,626 in Instant Equity. Featuring a Condition Rating of 3, the property includes a Remodeled Kitchen with Granite Counters and recent structural pest repairs. With one unit currently generating stable income and the other vacant, this asset provides immediate cash flow potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Estimated Market Value
$667,626+$68,626 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Fair Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5388 Elsinore Way Subject | $599,000* List Price | 4 | 2 | 1,938 | $344 | - |
A 7244 Robin Road Sold | $699,000 | 4 | 2 | 1,803 | $388 | 0.4 mi |
B 7323 Pheasant Road Sold | $595,000 | 4 | 2 | 1,686 | $353 | 0.5 mi |
C 5356 Elsinore Way Pending | $549,000 List Price | 0 | 2 | 2,013 | $273 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1972, the property has undergone significant renovations within the 5-15 year range, including remodeled kitchens with granite countertops, updated bathrooms, and newer laminate flooring. It is move-in ready, well-maintained, and the seller has recently completed Section 1 structural pest repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income Potential
This duplex offers immediate cash flow with one unit currently rented at over $2,000/month and the second unit vacant, providing flexibility for market-rate leasing or an owner-occupant house-hack.
- Modernized Interiors
Both units feature significant upgrades, including remodeled kitchens with granite countertops, updated bathrooms, and new flooring, which reduces the need for immediate capital expenditures.
- Maintenance Readiness
The completion of Section 1 structural pest repairs by the seller provides peace of mind regarding the property's integrity and simplifies the financing and closing process for the buyer.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Configuration
With only one bathroom per two-bedroom unit, the property may be less competitive compared to modern layouts that typically offer a second bathroom or a master ensuite.
- Vintage Infrastructure
Built in 1972, the property may have aging major systems such as plumbing or electrical components that could require more frequent maintenance compared to newer construction.
About 5388 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. #5390 is vacant, last rented for $1970 + $30 utilities. 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 | $599.0K | $700.0K |
| Price per sq ft | $309 | $261 |
| Built year | 1972 | 1961 |
| HOA | $0 | $0 |
| Days on market | 32 | 22 |
Pricing History
Listed for Sale
Aug 8, 2026
$599,000
Initial Listing
Sold
Feb 15, 1994
$128,000
Public Record