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2084 167th Avenue, San Leandro, California 94578, San Leandro, 94578 - bed, bath

2084 167th Avenue, San Leandro, California 94578 home-pic-0
ACTIVE$998,000
2084 167th Avenue, San Leandro, California 94578
0Bed
0Bath
1,501Sqft
2,638Lot
Year Built
1949
Close
-
List price
$998K
Original List price
$998K
Price/Sqft
$665
HOA
-
Days on market
-
Sold On
-
MLS number
ML82008932
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $998.0K(50th), sqft - 1501(83th), beds - undefined(50th), baths - undefined(50th).

Investors dream in the heart of San Leandro! This well-maintained triplex is a rare opportunity to own a cash-flowing property with upside potential. Featuring three updated units, two currently tenant-occupied and generating strong rental income, this property already offers a solid cap rate. One unit is vacant and move-in ready, providing flexibility for owner-occupancy or added rental income. Each unit has been thoughtfully upgraded, offering modern finishes, comfort, and style. The property also includes a spacious yard, garage, ample off-street parking, and partial views, adding extra value for tenants and owners alike. Whether youre a first-time investor or a seasoned portfolio builder, this triplex is ideal for those seeking a property that essentially pays for itself, with plenty of upside in a desirable and convenient location. Close to shopping, BART, freeways, and schools dont miss this excellent investment opportunity!

Nearby schools

6/10
Stanton Elementary School
Public,•K-5•0.5mi
3/10
Corvallis Elementary School
Public,•K-5•2.7mi
1/10
Edendale Middle School
Public,•6-8•0.9mi
7/10
Creekside Middle School
Public,•6-8•2.2mi
7/10
Canyon Middle School
Public,•6-8•2.7mi
2/10
Redwood Continuation High School
Public,•9-12•1.2mi
4/10
San Lorenzo High School
Public,•9-12•1.3mi
8/10
Castro Valley High School
Public,•9-12•1.4mi
4/10
East Bay Arts High School
Public,•9-12•2.1mi
7/10
Arroyo High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
05/29/25
Listing
$998,000
Condition Rating
Excellent
Despite being built in 1949, the MLS description explicitly states the property features 'three updated units' with 'modern finishes, comfort, and style,' and that one unit is 'vacant and move-in ready.' The images strongly support this, showcasing extensively renovated interiors. The kitchen features brand-new, modern grey shaker cabinets, white quartz countertops, a black gooseneck faucet, and new stainless steel appliances (range and microwave). The bathroom is also fully updated with a modern white vanity, contemporary lighting, and hexagonal floor tiles. Throughout the visible living areas, there is new light-colored laminate flooring and fresh paint. These updates appear to be very recent, likely within the last 5 years, bringing the units to a virtually new condition, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Strong Income Potential: This well-maintained triplex is a cash-flowing property with two tenant-occupied units generating strong rental income and a solid cap rate, making it an attractive investment.
Immediate Value-Add Opportunity: One unit is vacant and move-in ready, providing flexibility for owner-occupancy or immediate additional rental income, indicating clear upside potential.
Modernized Interiors: Each unit has been thoughtfully upgraded with modern finishes, comfort, and style, reducing immediate renovation needs for a new owner.
Convenient Location: Situated in a desirable and convenient location in San Leandro, with excellent proximity to shopping, BART, freeways, and schools, enhancing tenant appeal and accessibility.
Additional Amenities: The property includes a spacious yard, garage, and ample off-street parking, adding extra value and convenience for tenants and owners alike.

Cons

Age of Property: Built in 1949, the property is older, which may imply potential for unseen maintenance issues or aging infrastructure despite recent updates.
Limited Lot Size: With a lot size of 2638 sqft for a triplex, the outdoor space per unit is likely constrained, potentially limiting appeal for tenants seeking larger private outdoor areas.
Mixed School Ratings: Some of the public schools in the immediate vicinity have lower ratings (e.g., Edendale Middle School rating 1, San Lorenzo High School rating 4), which could be a consideration for family-oriented tenants or future resale value.

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