1578 166th Ave, San Leandro, California 94578, San Leandro, 94578 - 0 bed, 0 bath
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1578 166th Ave
San Leandro, California 94578
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,150Sq Ft
8,800Lot Size
Property Price
LIST PRICE$1,450,000
EST. MARKET VALUE
$1,186,311
22% AboveMARKET VALUE
SUMMARY
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,450,000—positioned well above the $1,186,311 Fair Market Value by -22%. Despite the premium, the property generates over $9,200 in monthly income and sits in an Opportunity Zone with no city rent control. Featuring a Condition Rating of 3, the site includes a new sewer lateral, 50-year roof, and updated units. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking stable, high-yield cash flow.
Estimated Market Value
$1,186,311
Based on Realkey algorithm analyzing recent comparable sales in San Leandro.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1578 166th Ave Subject 0 bd · 0 ba · 3,150 sqft · $377 | $1,450,000* List Price | 0 | 0 | 3,150 | $377 | - |
A 1475 166th Ave. Sold 0 bd · 0 ba · 3,510 sqft · $326 · 0.2 mi | $1,145,000 | 0 | 0 | 3,510 | $326 | 0.2 mi |
B 1421 165th Ave Pending 0 bd · 0 ba · 3,394 sqft · $409 · 0.2 mi | $1,388,888 List Price | 0 | 0 | 3,394 | $409 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1963, the property has undergone significant recent capital improvements including a new 50-year roof, new sewer lateral, and new asphalt. Interior photos show modern updates such as recessed lighting, updated windows, and new flooring installed within the last year, meeting the criteria for a well-maintained, move-in ready property.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Cash Flow & Regulatory Advantage
Generating over $9,200 in monthly income and located in unincorporated Ashland, the property is exempt from City of San Leandro rent control, offering superior revenue flexibility.
- Extensive Capital Improvements
The property features significant recent upgrades including a $24,000 new asphalt driveway, a $14,000 sewer lateral replacement, and a 50-year rated roof, minimizing immediate deferred maintenance.
- Strategic Investment Location
Situated within a designated Opportunity Zone, this quadruplex provides investors with potential tax incentives and long-term capital gains benefits.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Ratio
All units, including the three-bedroom home, feature only one bathroom, which may limit appeal for larger families and cap potential rental premiums.
- Vintage Infrastructure
Despite recent surface and structural updates, the 1963 construction may necessitate ongoing maintenance of aging core systems compared to newer multi-family developments.
About 1578 166th Ave
Great Investment! Over $9200 a month income (with laundry income)! Not under City of San Leandro rent control! Property is in unincorporated San Leandro (Ashland), which is County not City. Property features a 3 bdr 1 bath home with a triplex (3 units) in the rear. Each of the 3 units in the triplex are 2 bdr 1 bath. There is a basement that could be rented as storage or potential ADU conversion (check with County of Alameda). Newly replaced asphalt las t year (completely replaced not overlaid - $24,000). Newly replaced Sewer lateral (around $14.000) with a 20 year inspection certificate (pipe itself should last 80 years). Passed SB721 stairs & walkway inspection (elevated elements inspection). Property is in an opportunity zone.. All units have been updated. New roof (50 yr rated shingles) on front home and newer roof (around 14 yrs old) on triplex. 8 parking spaces. Home has a tankless water heater and triplex has a new water heater. All stoves are electric. New right side fencing, partially new left side fencing, updated floors (with 2 floors installed this year), recently painted exterior, updated windows, easy to maintain landscaping and long term tenants. Property 3D Tour: https://my.matterport.com/show/?m=fqscmps8ansh9q7gr6e2nr4pd&brand=0 Tenant items in 3D video tour removed by AI for tenant privacy. Please see photos for actual images of units.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1963
- Lot Size
- 8,800 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,150 | 3,588.5 |
| Lot Size | 8,800 | 7,030 |
| Price | $1.45M | $1.21M |
| Price per sq ft | $460 | $338 |
| Built year | 1963 | 1968 |
| HOA | $0 | $0 |
| Days on market | 23 | 60 |
Pricing History
Listed for Sale
Oct 1, 2026
$1,450,000
Initial Listing