994 Billings Boulevard, San Leandro, California 94577, San Leandro, 94577 - 3 bed, 2 bath
994 Billings Boulevard
San Leandro, California 94577
Property Price
SUMMARY
Analysis of 994 Billings Boulevard, San Leandro, California 94577 reveals a Prime Investment Opportunity with a current list price of $768,000—significantly undercutting the $804,432 Fair Market Value by 4%. This valuation gap indicates a +$36,432 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Leandro 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 |
|---|---|---|---|---|---|---|
★ 994 Billings Boulevard Subject | $768,000* List Price | 3 | 2 | 1,200 | $670 | - |
A 1646 Brookside Dr Sold | $788,000 | 3 | 2 | 1,243 | $634 | 0.2 mi |
B 850 850 Melcher St Sold | $750,000 | 3 | 1 | 1,024 | $732 | 0.2 mi |
C 1223 Wainwright Ave Sold | $775,000 | 2 | 2 | 1,158 | $669 | 0.3 mi |
D 808 Martin Blvd Sold | $740,000 | 2 | 1 | 1,081 | $685 | 0.2 mi |
E 1246 Aileen Street Sold | $780,000 | 3 | 1 | 1,008 | $774 | 0.5 mi |
F 850 Melcher St Active | $799,999 List Price | 3 | 1 | 1,024 | $781 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1942, the property has undergone extensive recent renovations that meet the highest standards. Key upgrades include a fully remodeled kitchen with new appliances and solar skylights, 1.5 updated bathrooms, a new roof, new heating and cooling systems, and an upgraded electrical panel for EV charging. The home is in move-in ready condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Infrastructure Upgrades
The home features significant recent capital improvements, including a new roof, new heating and cooling systems, and an upgraded electrical panel specifically designed to support EV charging.
- Premium Outdoor Living
The property offers a meticulously designed backyard oasis with custom low-water California landscaping, mature fruit trees, and succulents, providing a private and sustainable space for entertaining.
- Versatile Floor Plan
Despite its mid-century footprint, the layout is highly functional with a dedicated laundry room, a private office, and an additional multipurpose room suitable for a playroom or reading nook.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 1060. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Modest Interior Square Footage
At 1,200 square feet for a three-bedroom residence, the interior living spaces and bedrooms may feel compact for larger families or those requiring substantial storage.
- Mixed Local School Ratings
While some nearby schools perform well, several of the closest public school options have lower ratings (2-3 out of 10), which may impact long-term resale value for education-focused buyers.
About 994 Billings Boulevard
Sun-filled mid-century ranch home in desirable San Leandro, featuring modern upgrades and effortless indoor/outdoor living. Bright remodeled kitchen with all new appliances and solar skylights flows out to a lush backyard oasis with custom low-water California landscaping, mature fruit trees, succulents, natives, and plenty of space for entertaining and gardening. Spacious bedrooms, 1.5 beautifully remodeled baths, dedicated laundry room + office, & a multipurpose room that could be used as an office/ reading nook/kids play room. Attached garage plus 3-car driveway. Recent improvements include a new roof, new heating and cooling systems, enhanced efficiency upgrades, and main electrical panel upgrade supporting EV charging. Close to parks, schools, shopping, and commuter routes. Move-in ready and full of charm. One of a kind home that you do not want to miss!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1942
- Lot Size
- 5,350 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
San Leandro Unified Schools
Madison Park Academy Tk-5
Grades K-5 • 0.4 mi
Wilson Elementary School
Grades K-5 • 0.7 mi
John Muir Middle School
Grades 6-8 • 0.7 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 | 1,200 | 1,502 | 26% |
| Lot Size | 5,350 | 5,525 | 46% |
| Price | $768.0K | $862.7K | 21% |
| Price per sq ft | $640 | $596 | 65% |
| Built year | 1942 | 1943 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 158 | 1% |
Pricing History
Listed for Sale
Feb 25, 2026
$768,000
Initial Listing
Sold
Sep 29, 2020
$680,000
Public Record