1038 Division St, Pleasanton, California 94566, Pleasanton, 94566 - 4 bed, 2 bath

1038 Division St, Pleasanton, California 94566 home-pic-0
ACTIVE$2,199,000
1038 Division St, Pleasanton, California 94566
4Beds
2Baths
1,375Sqft
14,000Lot
Year Built
1890
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$1,599
HOA
-
Days on market
-
Sold On
-
MLS number
41105809
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.20M(65th), sqft - 1375(8th), beds - 4(50th), baths - 2(36th).

Permit in process for second ADU. Welcome to a rare opportunity in the heart of downtown Pleasanton, two homes on one lot offering charm, flexibility, and major upside. The beautifully updated main home features wide plank wood flooring, recessed lighting, and a chef inspired kitchen that’s perfect for cooking and entertaining. The detached ADU has its own private entrance and full living quarters, ideal for guests, multigenerational living, or consistent rental income. But here’s where it gets exciting: SB 9 research is in progress to explore the possibility of a lot split, which could unlock even more potential. Whether you’re an investor looking to maximize returns, a homeowner seeking rental cash flow, or a visionary ready to develop a third dwelling, this property offers room to grow. All of this is located just minutes from top rated schools, shopping, dining, and commuter routes, blending downtown convenience with long term opportunity. Don’t miss your chance to own this Pleasanton gem with income potential and future development upside.

Nearby schools

8/10
Walnut Grove Elementary School
Public,K-50.5mi
6/10
Alisal Elementary School
Public,K-50.7mi
8/10
Phoebe Apperson Hearst Elementary School
Public,K-50.9mi
6/10
Valley View Elementary School
Public,K-51.2mi
8/10
Pleasanton Middle School
Public,6-80.6mi
8/10
Harvest Park Middle School
Public,6-80.7mi
9/10
Amador Valley High School
Public,9-120.6mi
9/10
Foothill High School
Public,9-122.0mi

Price History

Date
Event
Price
07/23/25
Listing
$2,199,000
Condition Rating
Excellent

Despite being built in 1890, the property has undergone an extensive and high-quality renovation, bringing it to an 'excellent' condition. The description highlights a 'beautifully updated main home' and a 'chef inspired kitchen,' which is clearly visible in the images with new white shaker cabinets, quartz countertops, modern stainless steel appliances (including a gas range on the island with a sleek hood), and subway tile backsplash. Both the main house and the detached ADU feature fully updated bathrooms with contemporary vanities, black fixtures, and subway tile showers. Throughout the property, there is wide plank wood flooring, recessed lighting, and fresh paint, indicating a very recent and comprehensive renovation with no visible deferred maintenance.
Pros & Cons

Pros

Exceptional Development Potential: The property offers significant future development upside, including a permit in process for a second ADU and ongoing SB 9 research for a potential lot split, appealing to investors and visionaries.
Prime Downtown Location: Situated in the heart of downtown Pleasanton, providing convenient access to top-rated schools, shopping, dining, and major commuter routes.
Existing Income/Flexibility: Features two homes on one lot, including a detached ADU with private entrance and full living quarters, ideal for rental income, guests, or multi-generational living.
Updated Main Residence: The main home has been beautifully updated with wide plank wood flooring, recessed lighting, and a chef-inspired kitchen, offering modern comfort and appeal.
Generous Lot Size: A substantial 14,000 sqft lot provides ample space and strongly supports the property's significant development potential.

Cons

Historic Property Age: Built in 1890, the property's age may imply potential for unforeseen maintenance issues or outdated systems not covered by the described updates.
Unrealized Development Potential: The described development opportunities (second ADU permit, SB 9 lot split research) are currently in progress or exploratory, meaning they are not guaranteed and require further investment, time, and approval.
Modest Current Living Space: With 1375 sqft for 4 beds and 2 baths across two units, the existing living area might be considered modest for its price point and location, especially for buyers prioritizing immediate spaciousness.

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