
San Leandro, California 94577
This Modernized Single-Level Residence is a Strong Value Opportunity, listed at $699,000—positioned well below the $764,342 Fair Market Value by 8%. This valuation gap provides $65,342 in Instant Equity for incoming buyers. Boasting a Mint Condition Rating, the home features a renovated stone-countertop kitchen, air conditioning, and a versatile detached bonus structure perfect for a home office or gym. Located near Wilson Elementary School, the property offers a seamless indoor-outdoor flow to a spacious patio and lawn. This is an exceptional acquisition for Owner-Occupants seeking turnkey comfort or Buy-and-Hold Investors targeting a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 Kelly Ave Subject | $699,000* List Price | 3 | 2 | 1,224 | $624 | - |
A 1646 Brookside Dr Sold | $788,000 | 3 | 2 | 1,243 | $634 | 0.4 mi |
B 808 Martin Blvd Sold | $740,000 | 2 | 1 | 1,081 | $685 | 0.4 mi |
C 1223 Wainwright Ave Sold | $775,000 | 2 | 2 | 1,158 | $669 | 0.0 mi |
D 850 850 Melcher St Sold | $750,000 | 3 | 1 | 1,024 | $732 | 0.5 mi |
E 350 Cherrywood Ave Active | $828,000 List Price | 3 | 2 | 1,327 | $624 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1942, the property has undergone a comprehensive modern renovation within the last 5 years. Key updates include a contemporary kitchen with stone countertops and stainless steel appliances, updated flooring, recessed lighting, and the addition of air conditioning. The interior and exterior appear in mint condition with no immediate maintenance required.
The property features a sizable detached structure that provides flexible space for a home office, art studio, or gym, catering perfectly to modern work-from-home needs.
The home boasts an updated kitchen with stone countertops and the rare addition of air conditioning for a 1940s build, ensuring year-round comfort and move-in readiness.
An open-concept layout paired with sliding glass doors leads to a spacious 5,100 sqft lot with a patio and lawn, creating an ideal environment for entertaining and play.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property was recently sold within the past year on 2025-10-20. The sold price is $1,275,000.00.
The attached one-car garage also houses the laundry facilities, which significantly restricts covered parking options and additional storage space for a three-bedroom household.
Tucked away on a residential street in San Leandro, 1240 Kelly Avenue is a charming single-level 3-bedroom, 2-bath home that blends comfort, functionality, and thoughtful updates, including air conditioning for year-round comfort. Filled with natural light, the home features an updated kitchen with stone countertops, a breakfast bar, and a clean, modern layout that connects easily to the main living and dining areas. The space feels open and inviting, with a natural flow that works well for both everyday living and gathering with friends and family. A sliding glass door extends the living space outdoors to a spacious patio and backyard set on a lot of over 5,000 square feet*, offering room to relax, play, or entertain. The yard includes a lawn, raised planter beds, and a play structure, along with a sizable detached bonus structure that provides flexible space for a home office, art studio, gym, or additional storage.* The attached one-car garage adds convenience and includes a washer and dryer, while the front yard features a welcoming porch along with a thoughtful blend of succulents, flowering plants, and mature landscaping that creates a warm and approachable entry. Well-located with easy access to parks, shopping, and commuter routes, this is a home that offers both comfort and flexibility in a setting that supports day-to-day ease.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,224 | 1,521 | 28% |
| Lot Size | 5,100 | 5,480 | 41% |
| Price | $699.0K | $880.0K | 5% |
| Price per sq ft | $571 | $618 | 35% |
| Built year | 1942 | 1943 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 140 | 1% |
Apr 17, 2026
$699,000
Initial Listing
Oct 20, 2025
$1,275,000
Public Record
Nov 12, 2021
$835,000
Public Record