1672 162nd Ave, San Leandro, California 94578, San Leandro, 94578 - 2 bed, 1 bath
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San Leandro, California 94578
Analysis of 1672 162nd Ave, San Leandro, California 94578 is currently available with a list price of $645,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the San Leandro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property, built in 1947, is explicitly described as being in 'poor condition and not considered livable.' The images confirm this, showing a house that is largely gutted to the studs, with exposed framing, missing walls, significant exterior damage, and debris. There are no visible functional kitchen or bathroom components. The listing itself markets the property as a 'Prime development opportunity' with the value based on the land for potential redevelopment, indicating the existing structure is beyond practical repair for habitation and requires demolition.
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.
Explicitly marketed as a 'Prime development opportunity' with 'strong redevelopment potential' for 3-7 units (townhomes/small multifamily) due to favorable zoning.
The property comprises two adjacent parcels totaling an impressive ±15,066 sq ft, offering substantial space for a multi-unit project.
The current 2-bedroom single-family residence is in 'poor condition and not considered livable,' necessitating demolition and adding to development costs.
The property is sold 'AS-IS,' requiring the buyer to undertake all due diligence, including verifying development potential with the city, which adds risk and upfront effort.
With the existing home being unlivable, there is no immediate rental income stream, meaning the property will be a pure expense until development is complete.
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
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 894 | 1,441.5 | 8% |
| Lot Size | 11,500 | 5,392 | 96% |
| Price | $645.0K | $836.5K | 8% |
| Price per sq ft | $721 | $625 | 80% |
| Built year | 1947 | 1948 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 93 | 180 | 26% |
Mar 6, 2026
$645,000
$699,000
-8% Price Drop
Initial Listing
Jan 19, 2026
$699,000
Initial Listing
Dec 18, 2015
$837,500
Public Record
Nov 2, 2011
$110,000
Public Record
Oct 4, 2005
$113,000
Public Record
Oct 4, 2005
$75,000
Public Record
Oct 8, 1993
$150,000
Public Record