224 Arroyo Ave, San Leandro, California 94577, San Leandro, 94577 - 2 bed, 1 bath
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San Leandro, California 94577
This Modernized Vintage Cottage represents a Strong Value Opportunity, listed at $699,000—positioned well below the $740,999 Fair Market Value by 5%. This valuation gap offers $41,999 in Instant Equity. Featuring an Excellent Condition Rating with a renovated kitchen and baths, the property offers a 94 Walk Score and significant expansion potential on its 7,980 sqft lot. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-utility, transit-oriented asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 224 Arroyo Ave Subject | $699,000* List Price | 2 | 1 | 870 | $852 | - |
A 348 Maud Avenue Sold | $769,000 | 2 | 2 | 920 | $836 | 0.5 mi |
B 950 950 Donovan Dr Sold | $780,000 | 2 | 3 | 980 | $796 | 1.0 mi |
C 623 Valita Drive Sold | $765,000 | 2 | 1 | 1,166 | $656 | 1.0 mi |
D 84 Begier Ave Sold | $840,000 | 2 | 1 | 1,108 | $758 | 0.2 mi |
E 381 Lexington Ave Active | $905,000 List Price | 4 | 2 | 1,036 | $874 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1927 build date, the property qualifies as excellent due to comprehensive recent renovations including two newly renovated full baths, an updated kitchen with high-end Wolf and stainless steel appliances, updated electrical systems, and a modern on-demand hot water heater.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7980, living area = 870.
With a Walk Score of 94, this property is perfectly situated in Old Town San Leandro, offering immediate access to BART, Sprouts, Philz Coffee, and a variety of local dining and shopping options.
The oversized 7,980 sqft lot features a large detached garage and multiple workshop spaces, providing rare flexibility for home-based businesses, hobbyists, or future ADU/expansion potential.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At just 870 square feet, the home's small footprint may be a challenge for buyers requiring more indoor square footage or larger common areas.
Several of the nearby assigned schools have low performance ratings, which could be a significant drawback for families prioritizing public education quality.
MIGHTY Cottage with many extras, including very BEST SL LOCATION: MUST SEE TO APPRECIATE HOW COOL THIS IS. Walk score is 94. Flexible floor plan. Garden w/ 7 kinds of FRUIT trees plus grapes. Vintage charm plus Updated kitchen & electrical, New lighting throughout. Kitchen offers lots of cabinets, Wolf stove, new SS fridge and dishwasher, stone counters, durable marmoleum checkerboard floor. Gleaming hardwood floors in other rooms, 2 newly renovated full baths (shower only). Stacked washer dryer and on demand hot water heater. This lot and yard offer so much additional possibility! Large sunny back yard perfect for creating veggie beds, urban farm, or just entertaining. Several bonus workshop spaces, incl 2 detached sheds and lg double plus detached garage. Garage is perfect for industrial artist or hobbyest who wants to have a large workshop or runs a home based business. Extra long, double driveway is perfect for your extra toys, trucks, cars, boat, etc. Creekside setting on sheltered street, but right in the heart of everything. Just one block across the corner park to Sprouts and the brand new Philz coffee and .5 mi to BART. Old Town San Leandro location is a treasure with amenities galore: Wednesday Farmers Market at the library, restaurants, grocery stores, coffee shops, spas, salons, USPS, San Leandro Theater Company. Expansion potential for the future for larger footprint home as your needs grow, or possibly a second structure. If you are looking for convenience, charm, affordabilty, and room to grow, this just might be the place! Open SAT 5.29 and SUN,5.30, 2 to 4pm.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 870 | 1,511 | 2% |
| Lot Size | 7,980 | 5,561 | 82% |
| Price | $699.0K | $900.0K | 6% |
| Price per sq ft | $803 | $641 | 92% |
| Built year | 1927 | 1943 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 122 | 1% |
May 22, 2026
$699,000
Initial Listing
May 3, 2022
$727,000
Public Record
Jun 5, 2000
$225,000
Public Record
Nov 21, 1995
$130,000
Public Record