1475 166th Ave., San Leandro, California 94578, San Leandro, 94578 - 0 bed, 0 bath
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San Leandro, California 94578
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $1,195,000, positioned slightly above the $1,159,041 Fair Market Value. While the property carries a Fair Condition Rating due to its 1960 vintage, it offers significant upside through its 8,800 SqFt lot and potential for ADU development. With separate utility metering and a strong commuter location near BART and I-580, this asset provides immediate cash flow. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income for long-term wealth.
Property is moderate renovation needed.
Built in 1960 (64 years old), the property is well beyond the 20-year threshold for datedness. While described as well-maintained and fully occupied, there is no mention of recent renovations to kitchens, bathrooms, or major systems. The exterior shows aged concrete and older aluminum windows, suggesting the units likely require cosmetic and system updates to reach modern standards.
Centrally located with immediate access to I-580, I-880, and BART, this property is highly attractive to Bay Area commuters, ensuring consistently low vacancy rates.
The oversized 8,800 SqFt lot includes an exceptionally large backyard, providing a rare opportunity for future expansion or the addition of ADUs to maximize ROI.
Units are separately metered for gas and electricity, which minimizes landlord overhead and simplifies the transition of utility costs to tenants.
Constructed in 1960, the building may require more frequent maintenance or capital improvements to aging systems compared to modern multifamily assets.
As a fully occupied residential income property in California, immediate rent adjustments and management flexibility are limited by state and local rent control protections.
Welcome to 1475 166th Avenue in Ashland, a fully occupied and well-maintained fourplex offering exceptional connectivity and everyday convenience between San Leandro, Castro Valley, and Hayward. This centrally located neighborhood provides quick access to Interstate 580, Interstate 880, and BART, making commuting throughout the Bay Area efficient and practical. Residents enjoy close proximity to shopping centers, local restaurants, parks and schools, while also benefiting from nearby recreational amenities including Lake Chabot Regional Park and the San Leandro Marina. Built in 1960, this cozy 3,510 SqFt building sits on a spacious 8,800 SqFt lot and features all 2BD/1BA units. The backyard is exceptionally large and may offer outstanding future development potential. Effective June 1, 2026, the property will generate gross scheduled revenue of $6,438 per month, creating strong in-place income with substantial future upside potential. The property has been carefully maintained over the years as part of a long-held family portfolio and includes desirable tenant amenities such as two shared coin-operated laundry rooms, and four garages with parking pads in front. Each unit is separately metered for gas and electric. The property is ideal for either an owner-occupant seeking a more sustainable long-term living arrangement through supplemental rental income or an investor looking for immediate cash flow. With strong occupancy history, good unit sizes, and a convenient location, 1475 166th Ave. represents an exceptional multifamily investment opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,510 | 2,635 | 50% |
| Lot Size | 8,800 | 6,900 | 50% |
| Price | $1.20M | $1.05M | 50% |
| Price per sq ft | $340 | $426 | 50% |
| Built year | 1960 | 1956 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 60 | 50% |
May 11, 2026
$1,195,000
Initial Listing