
San Leandro, California 94577
This four-unit apartment property across three separate buildings offers excellent value-add investment potential. One unit has been recently remodeled. The rest of the property is older and ready for modernization as well, making it ideal for investors looking to reposition and improve cash flow. Conveniently located near downtown San Leandro shopping, dining, and everyday amenities, with easy access to highway 580, 880, making it attractive for tenants and commuters alike. A compelling opportunity for investors seeking long-term appreciation and income potential. You won't want to miss it!
Property is extensive renovation needed.
Built in 1920, this 104-year-old property is described as a 'value-add' opportunity with 75% of the units requiring modernization. While one unit is remodeled, the others feature dated kitchens, older appliances, and wall heaters, suggesting that the primary systems and interiors need a comprehensive rehab to meet current standards.
With three units ready for modernization, this property offers a significant opportunity for investors to reposition the asset and substantially increase rental income and cash flow.
The property is ideally situated near downtown San Leandro shopping and dining, with immediate access to I-580 and I-880, making it highly attractive to a broad tenant base.
The four-unit layout spread across three separate buildings provides a unique footprint that offers tenants more privacy and a residential feel compared to traditional high-density apartment blocks.
The majority of the property is in older condition, necessitating immediate capital expenditure for renovations to bring the units up to modern market standards.
Several nearby schools carry low ratings, including a high school rated 1/10, which may limit the property's appeal to families and impact long-term appreciation potential.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,473 | 1,438.5 |
| Lot Size | 5,250 | 5,361.86 |
| Price | $990.0K | $895.2K |
| Price per sq ft | $400 | $624 |
| Built year | 1920 | 1950 |
| HOA | $0 | $159 |
| Days on market | 26 | 38 |
Sep 28, 2026
$990,000
Initial Listing
Sep 2, 2016
$680,000
Public Record
Jul 27, 1999
$215,000
Public Record