
Castro Valley, California 94546
This property presents a High-Potential Investment Opportunity with a List Price of $799,888—positioned slightly above the $792,148 Fair Market Value. While the home carries a Fair Condition Rating due to its 1948 vintage, the 5,220 sqft lot offers significant ADU Development Potential for forced appreciation. The single-story layout and concrete backyard provide a low-maintenance footprint for tenants or residents. This asset is ideal for Buy-and-Hold Investors or first-time buyers looking to leverage a commuter-friendly location near BART.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2240 Lessley Ave Subject 3 bd · 1 ba · 988 sqft · $802 | $799,888* List Price | 3 | 1 | 988 | $802 | - |
A 2293 Vestal Ave Sold 2 bd · 1 ba · 1,018 sqft · $737 · 0.1 mi | $749,888 | 2 | 1 | 1,018 | $737 | 0.1 mi |
B 2329 Vestal Ave Sold 2 bd · 1 ba · 1,192 sqft · $625 · 0.1 mi | $745,000 | 2 | 1 | 1,192 | $625 | 0.1 mi |
C 2672 2672 Watson St Sold 3 bd · 2 ba · 987 sqft · $811 · 0.4 mi | $800,000 | 3 | 2 | 987 | $811 | 0.4 mi |
D 21146 Elm St Sold 2 bd · 1 ba · 825 sqft · $895 · 0.5 mi | $738,000 | 2 | 1 | 825 | $895 | 0.5 mi |
E 20024 Leroy Dr Sold 2 bd · 2 ba · 1,081 sqft · $846 · 0.9 mi | $915,000 | 2 | 2 | 1,081 | $846 | 0.9 mi |
F 2220 Farley St Pending 2 bd · 1 ba · 1,188 sqft · $673 · 0.1 mi | $799,000 List Price | 2 | 1 | 1,188 | $673 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this home is significantly dated. The kitchen features oak cabinetry and tile flooring consistent with a 20+ year old renovation, and the living areas show original hardwood floors with visible wear and staining. While functional and move-in ready, the property requires cosmetic updates and likely system overhauls due to its age.
The property is ideally situated near the Castro Valley BART station and major freeway access, offering excellent convenience for Bay Area commuters.
With a 5,220 square foot lot and a practical footprint, there is significant potential to add an Accessory Dwelling Unit (ADU) for rental income or multi-generational living.
The single-story layout combined with a concrete backyard and manageable landscape provides a functional, low-maintenance lifestyle perfect for busy professionals or downsizers.
The home features three bedrooms but only one bathroom, which may be a drawback for larger families or those seeking modern convenience.
The assigned elementary and middle schools currently have lower performance ratings (2/10 and 3/10 respectively), which could impact appeal for education-focused buyers.
Welcome to 2240 Lessley Avenue, a single-story home in Castro Valley offering a practical footprint and everyday convenience. With three bedrooms, one bathroom, and 988 square feet of interior space, this home presents an opportunity for buyers seeking a manageable home in Alameda County with an easy-to-manage landscape, a mature lemon tree, concrete backyard, and a storage shed. The layout keeps daily living comfortably connected while providing defined spaces. A single garage adds dedicated parking or useful storage potential. Potential for ADU, buyer to verify. Neighborhood amenities includes parks, shops and restaurants are close at hand; Trader Joe's on Redwood Road is nearby for grocery runs, while the Castro Valley Bart station and freeway access are convenient option for commute.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 1.2 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 1.0 | 2.3 |
| Square foot | 988 | 1,782.99 |
| Lot Size | 5,220 | 7,378.72 |
| Price | $799.9K | $1.26M |
| Price per sq ft | $810 | $700 |
| Built year | 1948 | 1958 |
| HOA | $0 | $201 |
| Days on market | 16 | 39 |
Oct 8, 2026
$799,888
Initial Listing
May 18, 2010
$271,000
Public Record
Sep 7, 2004
$450,000
Public Record
Aug 23, 2001
$269,000
Public Record