2127 Fairway, San Leandro, California 94577, San Leandro, 94577 - 2 bed, 1 bath
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San Leandro, California 94577
Analysis of 2127 Fairway, San Leandro, California 94577 is currently available with a list price of $400,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1963, this property shows signs of being aged but maintained. The kitchen features white painted cabinets, granite-look countertops, and older white appliances (range, refrigerator), along with a stackable washer/dryer, suggesting updates that are likely 15-25 years old. The tiled flooring in the kitchen and bathroom, and the laminate wood flooring in living areas, appear functional but are not modern. The bathroom has an older wooden vanity and dated tile work. A wall heater is visible, indicating an older heating system. While the property appears clean and functional, it requires minor updates to modernize its style and features, aligning with the 'fair' condition criteria.
The property comes with long-term tenants currently paying $2500 monthly, providing immediate and stable cash flow for an investor.
Originally listed at $469,000, the price has been reduced to $400,000, indicating a potential below-market opportunity for buyers.
Located in San Leandro, the property boasts a 'Great location to the water' and is situated in an 'older but nice neighborhood,' enhancing its appeal.
The property has an unusual legal status, described as a single-family home attached to another unit, sharing one APN, with the seller owning only 14.5% of the overall APN but possessing rights to 2127 Fairway. This complexity can deter traditional lenders and buyers.
The requirement for an 'all cash transaction or seller carry back' significantly narrows the buyer pool, as conventional mortgage financing may be challenging or unavailable due to the property's unique legal and ownership situation.
Sharing an APN with an owner-occupied attached unit creates potential complications regarding property boundaries, shared maintenance responsibilities, and future legal or financial disputes.
Investor wanted, or primary residence must be all cash transaction or seller carry back, the legal says single family but is attached to another house that has separate addresses but share one apn# and only one with address of 2127 fairway is for sale, the other half is ownehrj occupied . priced below market as tax rolls state single family but this attached unit has two different mailing addresses but is on back half of apn# 79A-581-7 m/a 2114 W Avenue 136th, the front home Seller owns 14.5 percent of APN # 79A-581-7 known as 2114 w Ave 136th st, San Leandro, ca with possession of and right to rents of 2127 Fairway, San Leandro, Ca. Long time tenants wish to stay and presently pay 2500.00 monthly. Great location to the water , older but nice neighborhood pull up the address of 136th and click on a aerial view to show entrance to the property
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 0.0 | 75% |
| Baths | 1.0 | 0.0 | 75% |
| Square foot | 830 | 2,195 | 25% |
| Lot Size | 6,300 | 7,737.5 | 50% |
| Price | $400.0K | $758.5K | 25% |
| Price per sq ft | $482 | $375 | 75% |
| Built year | 1963 | 1946 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 265 | 248 | 0% |
Jan 11, 2026
$400,000
$469,000
-15% Price Drop
Initial Listing
Jul 31, 2025
$469,000
Initial Listing