
San Leandro, California 94578
This property presents a Strong Value Opportunity with a List Price of $759,000—positioned well below the $829,231 Fair Market Value by 8%. This valuation gap offers $70,231 in Instant Equity for the buyer. Featuring a Turnkey Condition Rating with recent renovations, the home sits on an expansive 11,264 sq. ft. lot with Subdivision Potential for three units. This is a rare, high-upside asset ideal for Buy-and-Hold Investors or Developers seeking immediate rental income and long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1630 159th Ave Subject | $759,000* List Price | 3 | 1 | 926 | $895 | - |
A 1560 165th Sold | $750,000 | 2 | 2 | 836 | $897 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1928, the property has undergone a comprehensive recent remodel (likely <5 years) including a new roof, windows, flooring, and lighting. The kitchen is modern with new cabinetry, quartz countertops, and stainless steel appliances, making it fully move-in ready with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11264, living area = 926.
The oversized 11,264 sq. ft. lot includes conceptual plans for a three-lot subdivision, offering a rare and lucrative opportunity for investors or builders to develop multiple new homes.
The residence has been thoughtfully updated with a new roof, modern flooring, new windows, and refreshed kitchen countertops, ensuring a move-in-ready experience with reduced immediate maintenance costs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
At just 926 sq. ft. for a three-bedroom configuration, the interior living space and single-bathroom layout may feel undersized and restrictive for modern family needs.
The property's highest and best use depends on subdivision feasibility, which requires the buyer to navigate complex zoning and permit approvals that are not yet guaranteed by the city.
Exceptional development opportunity in the desirable East Bay foothills! This charming 3-bedroom, 1-bath home offers approximately 926 sq. ft. of living space on an expansive 11,264 sq. ft. lot with tremendous potential. The home has been beautifully remodeled with new flooring, windows, lighting, kitchen countertops, and a new roof. Additional features include an automatic entry gate and a backyard storage shed. Conceptual plans have been prepared to potentially subdivide the property into three lots and develop three new homes, offering exciting possibilities for builders, investors, or future expansion. Conveniently located near shopping, dining, and major freeway access. A rare opportunity to own a move-in-ready home on a large lot with outstanding development potential. Buyer to independently verify subdivision feasibility, zoning, permits, and development possibilities with the appropriate authorities. Current room/bedroom count may differ from public records. Buyer and buyer’s agent are advised to independently verify room count, square footage, permits, and all property information to their satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 926 | 1,384.25 |
| Lot Size | 11,264 | 5,266.528 |
| Price | $759.0K | $890.9K |
| Price per sq ft | $820 | $649 |
| Built year | 1928 | 1950 |
| HOA | $0 | $148 |
| Days on market | 14 | 39 |
Aug 26, 2026
$759,000
Initial Listing
Apr 18, 2024
$550,000
Public Record
Sep 11, 2019
$565,000
Public Record
Apr 4, 2017
$180,000
Public Record
Jun 7, 2013
$235,000
Public Record
Aug 30, 2010
$205,000
Public Record
Oct 4, 1996
$165,000
Public Record
Nov 17, 1994
$35,000
Public Record
Oct 19, 1994
$100,000
Public Record