1672 162nd Ave, San Leandro, California 94578, San Leandro, 94578 - 2 bed, 1 bath

1672 162nd Ave, San Leandro, California 94578 home-pic-0
ACTIVE$699,000$894/sqft
1672 162nd Ave, San Leandro, California 94578
2Beds
1Bath
894Sqft
11,500Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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 = 11500, living area = 894.
Top Cons:
Unlivable Existing Structure: The current 2-bedroom residence is in poor condition and deemed unlivable, necessitating demolition or substantial renovation costs for any potential use.

Compared to the nearby listings

Price:$699.0K vs avg $837.5K ($-138,500)18%
Size:894 sqft vs avg 1,414 sqft10%
Price/sqft:$782 vs avg $62987%

More Insights

Built in 1947 (79 years old).
Condition: The property, built in 1947, is explicitly described as being in 'poor condition and not considered livable.' The images clearly show severe structural damage, including a heavily compromised and partially collapsed roof, boarded-up windows/doors, and general dilapidation. The listing emphasizes the 'development opportunity' and the value being in the land for potential multi-unit redevelopment, indicating the existing structure is beyond repair and intended for demolition.
Year Built
1947
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$782
HOA
-
Days on market
-
Sold On
-
MLS number
41121327
Home ConditionTear down
Features
View-

About this home

Prime development opportunity in a highly desirable San Leandro location. This offering includes two adjacent parcels sold together as one package, comprising a combined ±15,066 sq ft lot per preliminary title. The property consists of: APN 80-63-29-3: Improved with an existing 2-bedroom single-family residence on an approximately 11,500 sq ft lot (home is in poor condition and not considered livable). APN 80-63-29-4: Adjacent vacant parcel of approximately 3,566 sq ft. According to the preliminary report, there is one legal description, and the parcels are conveyed together as a single combined site. Zoned RSD-15 with a Medium Density Residential (MDR) land use designation, offering strong redevelopment potential. Prior planning guidance indicates the site may support approximately 3–7 units, with townhomes or small multifamily development likely appropriate (buyer to verify with City/County Planning). Excellent opportunity for investors or developers seeking to build condos, townhomes, or income-producing units. Outstanding location near I-580 freeway access, East 14th Street, shopping, transit, and everyday amenities. Surrounded by a mix of residential housing types, including nearby multifamily developments. Sale is AS-IS. Buyer to conduct all due diligence regarding zoni

J
John L. Morra
Listing Agent

Price History

Date
Event
Price
10/08/93
Sold
$150,000
12/18/15
Sold
$837,500
11/02/11
Sold
$110,000
10/04/05
Sold
$75,000
10/04/05
Sold
$113,000
Condition Rating
Tear down

The property, built in 1947, is explicitly described as being in 'poor condition and not considered livable.' The images clearly show severe structural damage, including a heavily compromised and partially collapsed roof, boarded-up windows/doors, and general dilapidation. The listing emphasizes the 'development opportunity' and the value being in the land for potential multi-unit redevelopment, indicating the existing structure is beyond repair and intended for demolition.
Pros & Cons

Pros

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 = 11500, living area = 894.
Development Potential: Prime opportunity for multi-unit development (3-7 units) due to favorable RSD-15 zoning with a Medium Density Residential (MDR) land use designation.
Large Combined Lot: Significant combined ±15,066 sq ft lot, formed by two adjacent parcels, providing ample space for various development projects.
Strategic Location: Highly desirable San Leandro location with outstanding access to I-580 freeway, major thoroughfares, shopping, transit, and everyday amenities.
Multi-Parcel Offering: Two adjacent parcels sold as a single package, maximizing development flexibility and scale for investors or developers.
Investor/Developer Focus: Explicitly marketed as an excellent opportunity for investors or developers seeking to build condos, townhomes, or income-producing units.

Cons

Unlivable Existing Structure: The current 2-bedroom residence is in poor condition and deemed unlivable, necessitating demolition or substantial renovation costs for any potential use.
As-Is Sale Condition: The property is sold strictly 'as-is,' placing full responsibility for all inspections, repairs, and development risks entirely on the buyer.
Buyer Due Diligence Burden: Buyers are solely responsible for verifying all zoning, unit count, and development feasibility with the City/County Planning department, which can be time-consuming and costly.
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