1038 Division St, Pleasanton, California 94566, Pleasanton, 94566 - 4 bed, 2 bath
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Pleasanton, California 94566
This Versatile Dual-Residence Property is a High-Potential Investment Opportunity, listed at $1,648,000—positioned slightly above the $1,606,307 Fair Market Value. Despite the premium, the 14,000 sq ft lot offers exceptional development potential, including ADU additions or lot splitting. Featuring a Mint Condition Rating after a comprehensive remodel, the property includes a private patio and access to top-rated schools like Amador Valley High. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living or rental income in downtown Pleasanton.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1038 Division St Subject | $1,648,000* List Price | 4 | 2 | 1,375 | $1,168 | - |
A 4214 Wells St Sold | $1,445,000 | 3 | 2 | 1,543 | $936 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1890, the property has undergone a comprehensive, high-end remodel within the last 5 years. Both the main and guest houses feature modern kitchens with stainless steel appliances, updated bathrooms with contemporary fixtures, new flooring, recessed lighting, and updated windows, meeting the criteria for mint condition with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14000, living area = 1375.
High School: Amador Valley High School (9/10).
The massive 14,000 sq ft lot is a rarity for the downtown area, offering significant upside through potential lot splitting, ADU additions, or the construction of a custom estate.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
At only 1,375 total square feet split between two structures, the living spaces may feel cramped for larger families or those accustomed to modern, open-concept floor plans.
Originally built in 1890, the property may harbor underlying age-related maintenance needs in its foundation or utility systems that cosmetic remodels might not fully address.
Located on an expansive 14,000 sq ft lot in vibrant Downtown Pleasanton, this beautifully remodeled property offers a rare opportunity to enjoy the best of downtown living with incredible flexibility and future potential. The property features a remodeled 3 bedroom, 1 bathroom main home along with a detached guest home, creating endless possibilities for multi generational living, rental income, or a private space for guests or a home office. Both residences have been beautifully updated, allowing the next owner to move right in and enjoy. Live in one and rent the other, rent out both as investment properties, or create the perfect setup for extended family living. The oversized lot opens the door to even more possibilities, including the potential to split the lot, add an additional ADU, build a detached garage with an ADU above, expand the existing home, or design a custom dream home in one of Pleasanton’s most sought after downtown locations. Enjoy the highly desirable downtown lifestyle with Main Street dining, shopping, entertainment, and community events just moments away, including Concerts in the Park and the year round charm that makes Downtown Pleasanton so special. Conveniently located near the ACE Train, Fairgrounds, award winning schools, parks, and commuting access, this is a truly unique opportunity to own a versatile property with unlimited potential in the heart of Pleasanton.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 30% |
| Square foot | 1,375 | 2,353 | 7% |
| Lot Size | 14,000 | 8,580 | 73% |
| Price | $1.65M | $1.96M | 29% |
| Price per sq ft | $1.2K | $838 | 99% |
| Built year | 1890 | 1976 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 107 | 1% |
May 18, 2026
$1,648,000
Initial Listing
Jun 23, 2022
$1,600,000
Public Record
Mar 3, 2016
$1,025,000
Public Record