209 Dabner St, San Leandro, California 94577, San Leandro, 94577 - 6 bed, 4 bath
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San Leandro, California 94577
This Multi-Unit Value-Add Asset is listed at $1,128,000, offering a strategic acquisition for those targeting the San Leandro rental market. While the $819,467 Fair Market Value reflects its current state, the Four-Unit Configuration across Three Separate Buildings provides significant density and privacy. With a Condition Rating of 5, the property is ready for full modernization to capture increased rental income and forced appreciation. Located near Wilson Elementary School and San Leandro High School, this is a high-upside project ideal for Buy-and-Hold Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 209 Dabner St Subject | $1,128,000* List Price | 6 | 4 | 2,473 | $331 | - |
A 1552 1552 Orchard Ave Active | $998,000 List Price | 5 | 3 | 2,264 | $441 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, this multi-unit property is over 100 years old and shows significant signs of age. The kitchens and bathrooms feature finishes and fixtures that appear to be 30-50 years old, including dated cabinetry, acoustic tile ceilings, and older wall heaters. The listing description explicitly identifies the property as a 'value-add' opportunity 'ready for modernization,' which aligns with the 'poor' criteria requiring a full rehab to address outdated systems and interiors.
The four-unit configuration with one currently vacant unit provides an immediate opportunity for rental upside or owner-occupancy while modernizing the property to increase equity and cash flow.
Situated near downtown San Leandro with easy access to highways 580 and 880, the property is highly attractive to tenants seeking proximity to shopping, dining, and major Bay Area employment hubs.
Featuring three separate buildings on a single lot, the property offers a unique residential density that provides tenants with more privacy than traditional apartment blocks, enhancing long-term desirability.
Built in 1920, the property is described as ready for modernization, indicating a need for substantial capital expenditure to address aging infrastructure and aesthetic updates.
The property is served by several schools with low ratings (2-3 out of 10), which may limit the appeal for families and impact the long-term tenant profile.
This four-unit apartment property across three separate buildings offers excellent value-add investment potential. One unit is currently vacant, providing immediate upside for increased rental income or owner occupancy. The property is older and ready for modernization, 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! OPEN HOUSE 04/18/2026 2:00pm-4:00pm Unit B
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 99% |
| Baths | 4.0 | 2.0 | 95% |
| Square foot | 2,473 | 1,528 | 91% |
| Lot Size | 5,250 | 5,480 | 44% |
| Price | $1.13M | $880.0K | 79% |
| Price per sq ft | $456 | $618 | 12% |
| Built year | 1920 | 1943 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 140 | 1% |
Apr 19, 2026
$1,128,000
$1,228,000
-8% Price Drop
Initial Listing
Mar 17, 2026
$1,228,000
Initial Listing
Sep 2, 2016
$680,000
Public Record
Jul 27, 1999
$215,000
Public Record