405 Lewis Ave, San Leandro, California 94577, San Leandro, 94577 - 0 bed, 0 bath
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San Leandro, California 94577
This Residential Income Duplex presents a Strong Value Opportunity, listed at $984,000—positioned well below the $1,109,306 Fair Market Value by 11%. This valuation gap offers $125,306 in Instant Equity. Featuring a Condition Rating of 3, the property includes Granite or Quartz Kitchen Countertops, Private Garages, and In-Unit Laundry. Located near downtown San Leandro, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property with immediate rental demand.
Property is move-in ready.
Although built in 1987, the property is well-maintained and move-in ready due to significant recent improvements. Key updates include new permitted furnaces, fresh interior paint, new flooring, and updated kitchen countertops (granite/quartz). While some bathroom fixtures and fireplace surrounds remain dated, the overall condition is functional and requires no immediate major maintenance.
The property features significant recent upgrades, including new permitted furnaces, fresh paint, and modern granite or quartz countertops, making it move-in ready for immediate rental income.
Each unit is equipped with its own private garage, dedicated yard space, a cozy fireplace, and in-unit laundry, providing a high level of privacy and convenience that commands premium rents.
Situated in the heart of San Leandro, the property offers excellent proximity to local dining, shopping, and public transit, ensuring strong tenant demand and long-term desirability.
While the nearby elementary school is rated a 6, the assigned middle and high schools have lower ratings (4 and 5), which may be a drawback for families prioritizing top-tier education.
With only a one-car garage per unit, the property may face challenges accommodating multi-vehicle households, potentially leading to a reliance on street parking in a busy downtown area.
Looking for a terrific income property? Look no further! This beautifully located duplex is ready to go. Built in 1987 this property has been steadily rented. Both units have had recent improvements. Each with it’s own one car garage. New furnaces installed with permits and much more. Located near downtown San Leandro, it offers convenient access to shopping, dining, and transit. Each unit has its own yard area, cozy fireplace, granite or quartz kitchen countertop, inside laundry and freshly painted. They truly are ready to go! You won’t be disappointed!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,163 | 4,999 |
| Lot Size | 7,267 | 7,991 |
| Price | $984.0K | $1.09M |
| Price per sq ft | $455 | $344 |
| Built year | 1987 | 1975 |
| HOA | $0 | $0 |
| Days on market | 5 | 58 |
Jul 17, 2026
$984,000
Initial Listing