381 Lexington Ave, San Leandro, California 94577, San Leandro, 94577 - 4 bed, 2 bath
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San Leandro, California 94577
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 381 Lexington Ave Subject | $888,000* List Price | 4 | 2 | 1,036 | $803 | - |
A 808 Martin Blvd Sold | $740,000 | 2 | 1 | 1,081 | $685 | 0.9 mi |
B 356 Belleview Dr Sold | $890,000 | 3 | 2 | 1,194 | $745 | 0.2 mi |
C 381 Cherrywood Ave Sold | $825,000 | 2 | 2 | 1,109 | $744 | 0.3 mi |
D 1646 Brookside Dr Sold | $788,000 | 3 | 2 | 1,243 | $634 | 0.7 mi |
E 850 850 Melcher St Sold | $750,000 | 3 | 1 | 1,024 | $732 | 1.0 mi |
F 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.
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.
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.
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.
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.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The main residence contains three bedrooms but only one bathroom, which may be a significant drawback for families or those who frequently host guests.
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.
NEW PRICE | NOW OFFERED AT $888,000 Welcome to 381 Lexington Avenue, where charm, lifestyle, and versatility come together in one of San Leandro's most desirable neighborhoods. Nestled on a tree lined street in Farrelly Pond, this thoughtfully updated property offers a warm and inviting main home featuring 3 bedrooms, 1 bathroom, engineered hardwood flooring, an updated kitchen with premium Café appliances, and comfortable living spaces designed for everyday enjoyment. A standout feature of this property is the detached converted garage space complete with its own bedroom, bathroom, and kitchenette, offering flexible options for guests, multigenerational living, a home office, creative studio, or additional living space. Step outside to enjoy the beautifully maintained backyard with brick hardscape, mature fruit trees, and room to relax or entertain. Conveniently located near BART, local shops, dining, parks, and commuter routes, this home blends neighborhood charm with everyday convenience. Now offered at $888,000. Come experience all that 381 Lexington Avenue has to offer.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 82% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,036 | 1,511.5 | 10% |
| Lot Size | 5,100 | 5,530.5 | 34% |
| Price | $888.0K | $900.0K | 47% |
| Price per sq ft | $857 | $640 | 94% |
| Built year | 1941 | 1944 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 122 | 2% |
May 29, 2026
$888,000
$905,000
-2% Price Drop
Initial Listing
May 9, 2026
$905,000
Initial Listing
Jun 14, 2021
$890,000
Public Record
Oct 8, 2008
$294,000
Public Record
Nov 10, 2005
$525,000
Public Record
Mar 25, 2003
$350,000
Public Record