381 Lexington Ave, San Leandro, California 94577, San Leandro, 94577 - 4 bed, 2 bath
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381 Lexington Ave
San Leandro, California 94577
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,036Sq Ft
5,100Lot Size
Property Price
LIST PRICE$799,999
EST. MARKET VALUE
$799,999
SUMMARY
This Flexible Residential Property is a Strong Value Opportunity, listed at $905,000—positioned above the $837,326 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating and a unique detached converted garage, providing significant utility for multigenerational living or rental income. With a modern kitchen and engineered hardwood flooring, the home offers a turnkey lifestyle in the desirable Farrelly Pond neighborhood. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-quality living space with immediate income potential.
Estimated Market Value
$799,999
Based on Realkey algorithm analyzing recent comparable sales in San Leandro.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 381 Lexington Ave Subject | $799,999* List Price | 4 | 2 | 1,036 | $772 | - |
A 86 Preda St Sold | $790,000 | 3 | 1 | 1,176 | $672 | 0.7 mi |
B 1240 Kelly Ave Sold | $838,000 | 3 | 2 | 1,224 | $685 | 0.9 mi |
C 356 Belleview Dr Sold | $890,000 | 3 | 2 | 1,194 | $745 | 0.2 mi |
D 259 W Broadmoor Blvd Sold | $725,000 | 2 | 1 | 1,037 | $699 | 0.2 mi |
E 350 Cherrywood Ave Sold | $802,000 | 3 | 2 | 1,327 | $604 | 0.3 mi |
F 255 Best Ave Sold | $960,000 | 2 | 2 | 1,154 | $832 | 0.5 mi |
G 2043 Reynolds St Sold | $800,000 | 2 | 1 | 860 | $930 | 0.9 mi |
H 850 Melcher St Active | $799,999 List Price | 3 | 1 | 1,024 | $781 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1941, the property features a high-end recent renovation (likely within the last 5 years) including a modern kitchen with premium Café appliances, farmhouse sink, and upgraded cabinetry. The interior is in mint condition with updated engineered hardwood flooring and contemporary finishes throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Flexible Living Arrangements
The property includes a detached converted garage with a bedroom, bathroom, and kitchen setup, offering excellent potential for rental income, a guest suite, or multigenerational living.
- High-End Interior Upgrades
The home features a modern, remodeled kitchen equipped with premium Café appliances, a farmhouse sink, and upgraded cabinetry, complemented by durable engineered hardwood flooring throughout.
- Prime Commuter Location
Located in the desirable Farrelly Pond neighborhood, the property offers exceptional convenience for commuters with close proximity to BART, public transportation, and major highway routes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Limited Main House Bathrooms
The main residence contains three bedrooms but only one bathroom, which may be a significant drawback for families or those who frequently host guests.
- Low School Ratings
Several of the assigned public schools for this address have low performance ratings, which could be a concern for families prioritizing education and may impact future resale value.
About 381 Lexington Ave
TRANSPARENT PRICE | $799,999 Welcome to 381 Lexington Avenue, where timeless charm and flexible living come together in San Leandro's beloved Farrelly Pond neighborhood. Nestled on a tree lined street, this thoughtfully updated Craftsman bungalow features a 3 bedroom, 1 bathroom main home plus a detached converted garage currently configured with an additional bedroom, bathroom, and small kitchen setup. Inside the main home, you'll find engineered hardwood flooring, central heating, and inviting living spaces designed for everyday comfort. Original archways and a beautiful picture window add to the warmth and character of the home. The updated kitchen features premium Café appliances, a farmhouse sink, stylish tile backsplash, and sleek countertops. Outside, enjoy a beautifully maintained backyard with mature fruit trees, brick hardscape, and plenty of room to relax, entertain, or garden. Previously prepared plans for the converted garage are included in the disclosure package for buyer review. Buyer to conduct their own investigation regarding permits, zoning, intended use, City requirements, and options for bringing the converted space into compliance or converting it back to a garage. Conveniently located near BART, local shops, dining, parks, and commuter routes. Come experience all that 381 Lexington Avenue has to offer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 5,100 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Leandro Unified Schools
Fred T. Korematsu Discovery Academy
Grades K-5 • 0.4 mi
3/10
Esperanza Elementary School
Grades K-5 • 0.4 mi
5/10
Washington Elementary School
Grades K-5 • 0.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,036 | 1,384.25 |
| Lot Size | 5,100 | 5,266.528 |
| Price | $800.0K | $890.9K |
| Price per sq ft | $772 | $649 |
| Built year | 1941 | 1950 |
| HOA | $0 | $148 |
| Days on market | 123 | 39 |
Pricing History
Listed for Sale
Jun 20, 2026
$799,999
$888,000
-10% Price Drop
Initial Listing
Price Change
May 29, 2026
$888,000
$905,000
-2% Price Drop
Initial Listing
Price Change
May 9, 2026
$905,000
Initial Listing
Sold
Jun 14, 2021
$890,000
Public Record
Sold
Oct 8, 2008
$294,000
Public Record
Sold
Nov 10, 2005
$525,000
Public Record
Sold
Mar 25, 2003
$350,000
Public Record