3642 Lorena Avenue, Castro Valley, California 94546, Castro Valley, 94546 - 3 bed, 2 bath
3642 Lorena Avenue
Castro Valley, California 94546
Property Price
SUMMARY
Analysis of 3642 Lorena Avenue, Castro Valley, California 94546 reveals a property with a current list price of $1,799,000, which is 4% above the estimated $1,715,819 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 Castro Valley 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3642 Lorena Avenue Subject | $1,799,000* List Price | 3 | 2 | 2,350 | $730 | - |
A 3450 Badding Rd Sold | $1,500,000 | 4 | 3 | 1,992 | $753 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1938, this home is well-maintained and functional but shows clear signs of age with outdated kitchen and bathroom styles. While the property is clean and livable, the focus of the listing on subdivision and development potential, combined with the older appliances and fixtures visible in the images, aligns with the 'fair' category for a structure that has been maintained but not extensively renovated to modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20473, living area = 2350.
- Significant Development Potential
The expansive 0.5-acre flat lot comes with a completed survey and preliminary plans for a 4-lot subdivision, offering a rare and lucrative opportunity for investors or developers to build additional units.
- Prime Location and Schools
Ideally situated near downtown Castro Valley and BART, the property is within walking distance of highly-rated schools, including Castro Valley High (Rating: 8), ensuring strong long-term value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =20473, other record lot size in square feet = 20640. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2350, other record living area = 1940.
- Aging Structure
Built in 1938, the primary residence may require significant capital investment for modern updates, system overhauls, or repairs to meet contemporary standards.
- Development Complexity
While preliminary plans exist, the process of executing a 4-lot subdivision involves navigating municipal approvals and construction risks, which may be daunting for non-professional buyers.
About 3642 Lorena Avenue
Exceptional investment & development opportunity on nearly 0.5-acre flat lot! Potential for a 4-lot subdivision Survey Completed, preliminary plans available to retain the existing home and build 3 additional detached townhomes (Like an SFH). Charming split-level home offering 4 beds & 2 baths. Main level features living/dining, kitchen & breakfast nook overlooking the spacious backyard. Upstairs has 3 bedrooms & 1 bath. Lower level includes separate entrance, den, full bath, laundry, storage & flexible space for office/wine cellar/4th bedroom great for multi-gen living or rental income. Endless possibilities: add an ADU, build a pool, park RV/boat, expand or develop. Backyard includes mature fruit trees avocado, grapefruit, Santa Rosa plum, Meyer lemon, orange & bay leaf. Prime location in Castro Valley close to downtown, shops, restaurants & BART. Rare opportunity with strong upside!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 20,473 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Castro Valley Unified Schools
Castro Valley Elementary School
Grades K-5 • 0.3 mi
Marshall Elementary School
Grades K-5 • 0.6 mi
Creekside Middle School
Grades 6-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,350 | 1,574 | 84% |
| Lot Size | 20,473 | 6,242 | 97% |
| Price | $1.80M | $1.09M | 95% |
| Price per sq ft | $766 | $687 | 68% |
| Built year | 1938 | 1955 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 171 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,799,000
Initial Listing
Sold
Jul 17, 2024
$1,143,000
Public Record
Sold
Oct 22, 2021
$1,375,000
Public Record