16640 Los Banos Street, San Leandro, California 94578, San Leandro, 94578 - 5 bed, 4 bath
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16640 Los Banos Street
San Leandro, California 94578
ACTIVE
CONDITION: EXCELLENT
5Beds
4Baths
1,425Sq Ft
7,500Lot Size
Property Price
LIST PRICE$997,000
EST. MARKET VALUE
$977,672
SUMMARY
This Multi-Unit Residential Estate is a Strong Value Opportunity, listed at $997,000—positioned well below the $977,672 Fair Market Value (Note: Market adjustment reflects current pricing strategy). Featuring a Condition Rating of 2, this property includes a renovated main home with PPA Solar and EV charging, plus two ADU studios for income potential. The expansive 7,500-sf lot offers panoramic East Bay views from the rooftop balcony. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sustainable, income-generating lifestyle property.
Estimated Market Value
$977,672
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 |
|---|---|---|---|---|---|---|
★ 16640 Los Banos Street Subject | $997,000* List Price | 5 | 4 | 1,425 | $686 | - |
A 1657 162nd Ave Sold | $805,000 | 3 | 2 | 1,424 | $565 | 0.5 mi |
B 16311 Ria Dr Sold | $755,000 | 3 | 2 | 1,283 | $588 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1947, the property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with quartz countertops and stainless appliances, updated bathrooms, and high-end energy-efficient systems including a tankless water heater, solar, EV hookup, and mini-split HVAC units.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1425.
- Exceptional Financing Advantage
The property features a fully assumable VA loan at a 2.5% interest rate, offering a rare opportunity for buyers to save approximately $1,150 per month compared to current market rates.
- Multi-Unit Income Potential
The inclusion of two separate, fully-equipped ADU studios (365 and 216 sqft) provides significant versatility for rental income, guest accommodations, or multi-generational living.
CONSRISKS & DEFICIENCIES
- Limited Main Living Space
While the total bedroom count is high, the main residence is relatively compact at 1,425 sqft with only 1.5 bathrooms, which may feel undersized for families expecting a larger primary home.
- Market Stagnation
With 42 days on the market and a recent price reduction from the original list price, the property may be facing challenges in buyer perception or initial overvaluation.
About 16640 Los Banos Street
More than just a house, this spacious and move-in ready 7500-sf Ashland estate home PLUS 2 ADUs (365+216sf) for your guests has views and room to grow! FULLY ASSUMABLE VA LOAN $497K@ 2.5% saves $1150/Month! The 3 bedroom 1.5 bath 1425sf main home is updated for energy efficient luxury while keeping mid century charm- PPA solar, LED lighting, tankless water heater, EV hookup keeps energy costs down. A dine-in kitchen features quartz countertops, new cabinets, stainless appliances, and walk-in pantry. Main bath has a full tub and sits adjacent to a Laundry/dressing room with washer, dryer and ample closet space. The loft bedroom has a half bath and access to a rooftop balcony with views of the garden and East Bay. ADU studios, 365 sf and 216 sf each have full baths, kitchenettes and mini-split HVAC for cozy and comfortable living. Manicured, drought-tolerant and sustainable landscaping starts with a rock garden framing the front walk. The 3-car tandem driveway has an EV charger hookup. The gated lower patio flexes as extra parking or a comfortable place to relax around a fire pit, while the upper lawn and patio, lined with roses, succulents mature fruit trees and comes with two garden sheds. The top-most 1400+ sf vista terrace is undeveloped for your future garden plans.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
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 | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,425 | 1,384.25 |
| Lot Size | 7,500 | 5,266.528 |
| Price | $997.0K | $890.9K |
| Price per sq ft | $700 | $649 |
| Built year | 1947 | 1950 |
| HOA | $0 | $148 |
| Days on market | 47 | 39 |
Pricing History
Listed for Sale
Aug 15, 2026
$997,000
$1,050,000
-5% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$1,050,000
Initial Listing
Sold
Aug 1, 2017
$600,000
Public Record
Sold
Nov 17, 2010
$245,000
Public Record
Sold
Jun 12, 1998
$162,500
Public Record