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 | $799,999* List Price | 4 | 2 | 1,036 | $772 | - |
A 356 Belleview Dr Sold | $890,000 | 3 | 2 | 1,194 | $745 | 0.2 mi |
B 1240 Kelly Ave Sold | $838,000 | 3 | 2 | 1,224 | $685 | 0.9 mi |
C 259 W Broadmoor Blvd Sold | $725,000 | 2 | 1 | 1,037 | $699 | 0.2 mi |
D 255 Best Ave Sold | $960,000 | 2 | 2 | 1,154 | $832 | 0.5 mi |
E 350 Cherrywood Ave Sold | $802,000 | 3 | 2 | 1,327 | $604 | 0.3 mi |
F 1646 Brookside Dr Sold | $788,000 | 3 | 2 | 1,243 | $634 | 0.7 mi |
G 381 Cherrywood Ave Sold | $825,000 | 2 | 2 | 1,109 | $744 | 0.3 mi |
H 850 850 Melcher St Sold | $750,000 | 3 | 1 | 1,024 | $732 | 1.0 mi |
I 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 | $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 offers 3 bedrooms, 1 bathroom, engineered hardwood flooring, central heating, and inviting living spaces designed for everyday comfort. From the original archways to the beautiful picture window that fills the living room with natural light, this home is filled with the character and warmth that make you fall in love with Craftsman homes. The updated kitchen features premium Café appliances, a farmhouse sink, stylish tile backsplash, and sleek countertops that blend modern convenience with classic charm. Adding to the property's versatility is a detached converted garage space complete with a bedroom, bathroom, and kitchenette, creating options for guests, multigenerational living, a home office, creative studio, or additional living space. Outside, enjoy a beautifully maintained backyard with mature fruit trees, brick hardscape, and plenty of room to relax, entertain, or garden. Conveniently located near BART, local shops, dining, parks, and commuter routes, this home offers the perfect balance of neighborhood charm and everyday convenience. Now offered at $799,999. Come experience all that 381 Lexington Avenue has to offer and see why this special property feels like home.
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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,036 | 1,429 |
| Lot Size | 5,100 | 5,130 |
| Price | $800.0K | $880.0K |
| Price per sq ft | $772 | $645 |
| Built year | 1941 | 1947 |
| HOA | $0 | $152 |
| Days on market | 74 | 36 |
Jun 20, 2026
$799,999
$888,000
-10% Price Drop
Initial Listing
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