1431 Kelly Avenue, San Leandro, California 94577, San Leandro, 94577 - 3 bed, 1 bath
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San Leandro, California 94577
This Single Family Residence is a Strong Value Opportunity, listed at $599,000—positioned well below the $658,865 Fair Market Value by 9%. This valuation gap offers $59,865 in Instant Equity. The property maintains a Good Condition Rating and features a separate 1-bed/1-bath ADU and a private patio, providing significant rental income potential. Located near Wilson Elementary, this versatile asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1431 Kelly Avenue Subject | $599,000* List Price | 3 | 1 | 1,104 | $597 | - |
A 1805 1805 Sundberg Ave Sold | $720,000 | 3 | 1 | 1,092 | $659 | 0.4 mi |
B 1223 Wainwright Ave Sold | $775,000 | 2 | 2 | 1,158 | $669 | 0.1 mi |
C 808 Martin Blvd Sold | $740,000 | 2 | 1 | 1,081 | $685 | 0.5 mi |
D 1510 Timothy Drive Active | $765,000 List Price | 4 | 2 | 1,415 | $541 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1942 build date, the property is well-maintained and move-in ready. The kitchen features stainless steel appliances and stone countertops from a mid-range renovation (approx. 10-15 years ago), and the living areas show updated flooring and fresh paint. The inclusion of a functional, updated second unit (ADU) supports a 'Good' rating rather than 'Fair'.
The property features a separate 1-bedroom, 1-bathroom rear unit, providing an excellent opportunity for rental income, a private home office, or multi-generational living.
The conversion of the third bedroom into a family room with rich wood paneling offers a flexible living space that can be adapted to suit various lifestyle needs.
Ideally situated with easy access to major freeways and shopping centers, the home is also within close proximity to well-rated schools like Wilson Elementary.
The main residence only contains one bathroom, which may be a significant inconvenience for families or those hosting guests.
Built in 1942, the property may require updates to its original systems and finishes to meet modern energy efficiency and aesthetic standards.
Darling single-family 2-bed, 1-bath house in San Leandro. Great investment opportunity or a cozy owner-occupied home. The third bedroom has been converted into a family room with rich wood paneling. Backyard lot contains a second separate unit with a 1-bed and 1-bath. Can be used as an office or for multi-generational living. Extra storage and a low-maintenance backyard. Easy access to the freeway and shopping.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 1,104 | 1,511.5 | 18% |
| Lot Size | 5,000 | 5,530.5 | 26% |
| Price | $599.0K | $900.0K | 2% |
| Price per sq ft | $543 | $637 | 23% |
| Built year | 1942 | 1944 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 122 | 1% |
May 28, 2026
$599,000
Initial Listing
Nov 10, 2008
$280,000
Public Record
Oct 27, 2000
$251,000
Public Record