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

1038 Division St, Pleasanton, California 94566 home-pic-0
ACTIVE$1,995,000
1038 Division St, Pleasanton, California 94566
4Beds
2Baths
1,375Sqft
14,000Lot
Year Built
1890
Close
-
List price
$2M
Original List price
$2.1M
Price/Sqft
$1,451
HOA
-
Days on market
-
Sold On
-
MLS number
41115498
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 11% below the list price. We found 3 Cons,7 Pros. Rank: price - $2.00M(62th), 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-5•0.5mi
6/10
Alisal Elementary School
Public,•K-5•0.7mi
8/10
Phoebe Apperson Hearst Elementary School
Public,•K-5•0.9mi
6/10
Valley View Elementary School
Public,•K-5•1.2mi
8/10
Pleasanton Middle School
Public,•6-8•0.6mi
8/10
Harvest Park Middle School
Public,•6-8•0.7mi
9/10
Amador Valley High School
Public,•9-12•0.6mi
9/10
Foothill High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
11/22/25
Price Change
$1,995,000-4.8%
10/22/25
Listing
$2,095,000
Condition Rating
Excellent
Despite being built in 1890, the property has undergone extensive and recent renovations, as evidenced by the 'beautifully updated main home' description and the provided images. The kitchen is 'chef-inspired' with modern white shaker cabinets, new stainless steel appliances, a stylish subway tile backsplash, and an island with a gas cooktop. Wide plank wood flooring and recessed lighting are consistent throughout the main living areas and bedrooms, indicating a high-quality, comprehensive update. The exterior and landscaping also appear newly refreshed and modern. While bathrooms are not pictured, the overall consistency of the renovation suggests they would be to a similar excellent standard. The property meets the criteria for 'extensively renovated within 5 years' with virtually new components and modern quality standards.
Pros & Cons

Pros

High Available Lot Utilization: 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.
Great Schools: High School: Amador Valley High School (9/10).
Prime Downtown Location: Situated in the heart of downtown Pleasanton, offering convenient access to top-rated schools, diverse shopping, dining options, and major commuter routes.
Significant Income & Multi-Generational Potential: Features two homes on one lot, including a detached ADU with a private entrance and full living quarters, ideal for rental income, guest accommodation, or multi-generational living.
Future Development Upside: Permit in process for a second ADU and SB 9 research is underway for a potential lot split, offering substantial future development and value-add opportunities.
Updated Main Home Features: The main home boasts beautiful updates including wide plank wood flooring, recessed lighting, and a chef-inspired kitchen, enhancing its appeal and functionality.
Excellent School District: Located within close proximity to several highly-rated public schools (ratings 8 and 9), a significant draw for families.

Cons

Historic Property Age: Built in 1890, the property's age may present ongoing maintenance challenges, potential for outdated infrastructure not explicitly updated, and higher insurance premiums.
Unrealized Development Potential: The 'second ADU permit in process' and 'SB 9 research' are not yet finalized, meaning the promised development upside is speculative and requires further investment, time, and approvals.
Recent Price Reduction: The property has already undergone a $100,000 price reduction from its original listing, which could indicate initial overpricing or market resistance.

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