5492 Ruth Ave, Oakland, California 94601, Oakland, 94601 - bed, bath
ACTIVE$895,000
5492 Ruth Ave, Oakland, California 94601
0Bed
0Bath
Sqft
6,565Lot
Year Built
1941
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41118731
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $895.0K(82th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
Fantastic 4-plex in Oakland’s desirable Maxwell Park neighborhood—ideal for investors or owner-users. All four units are 2BD/1BA, each with an individual garage, private storage, exterior space, and dedicated water heater. One unit is vacant and rent-ready. Recent improvements include a 2019 seismic retrofit, rebuilt rear stairs, and a finished basement level with added tenant storage and on-site laundry. Rents are near market, with one recently updated unit. Turnkey asset with strong income and upside potential.
Price History
Date
Event
Price
12/04/25
Listing
$895,000
03/01/18
Sold
$750,000
Condition Rating
Fair
Built in 1941, this multi-unit property has received significant structural updates, including a 2019 seismic retrofit and rebuilt stairs. However, the interior cosmetic condition of the units varies. While one unit is described as 'recently updated,' images reveal other units with dated kitchens featuring older wood cabinets, laminate countertops, and white appliances. The visible bathroom is notably old-fashioned with pink tiled walls and basic fixtures, indicating a renovation from 30+ years ago or original features. The property is functional and maintained, but many interior components are outdated and would require minor to moderate updates to enhance appeal and maximize rental potential across all units.
Pros & Cons
Pros
Prime Location: Situated in Oakland’s desirable Maxwell Park neighborhood, offering strong appeal for both tenants and potential owner-users.
Significant Capital Improvements: Recent upgrades include a 2019 seismic retrofit, rebuilt rear stairs, and a finished basement with added tenant storage and on-site laundry, enhancing structural integrity and tenant amenities.
Turnkey Investment with Upside: Described as a 'turnkey asset with strong income and upside potential,' making it attractive for investors seeking immediate returns and future growth.
Excellent Tenant Amenities: Each of the four 2BD/1BA units benefits from an individual garage, private storage, exterior space, and a dedicated water heater, providing convenience and reducing shared utility burdens.
Immediate Income & Flexibility: One unit is vacant and rent-ready, providing immediate income potential, flexibility for an owner-occupant, or the opportunity to set market-rate rent without existing tenant constraints.
Cons
Age of Property: Built in 1941, the property is older, which despite recent improvements, may still present ongoing maintenance challenges or require further capital expenditures in the future.
Potential for Further Unit Upgrades: While one unit is recently updated, the description implies the other three units may not have received similar interior cosmetic updates, potentially requiring future investment to maximize rental income across all units.
Rent Control and Tenant Protections: As a multi-unit property in Oakland, it is subject to strict rent control and tenant protection ordinances, which can limit rental income growth and increase management complexities for investors.