1940 Placer Drive San Leandro, CA $ 898,888
1940 Placer Drive
$ 898,888
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1940 Placer Drive

San Leandro, CA, 94578
$ 898,888
Baths0.0 Sq 1,618

Monthly Estimate*

$ 5,676

Listed by Kapowich Real Estate
1940 Placer Drive, San Leandro, CA 94578 - Image 1
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Studio

Multi-Family Home for sale in San Leandro, CA

for $898,888. This 1,618 square foot home was built in 1947 on a lot size of 0.1386.

Rare duplex opportunity in San Leandro's heights of the Hillcrest Knolls neighborhood, with sweeping bay views from each unit, including views of the SF Peninsula. This income-producing property features two distinct units with separate postal addresses and individually metered gas and electricity, ideal for an owner-occupant looking to offset their mortgage with rental income, or a strong addition to any investment portfolio. Unit #1942 is a 1-bedroom, 1-bathroom with in-unit laundry, perfect for owner-occupancy or premium market-rate rental. Unit #1940 is a spacious 2-bedroom, 1-bathroom occupied by a long-term tenant providing immediate rental income. Dedicated off-street parking behind the duplex for 6 vehicles. Excellent commute location near major routes, shopping, and dining. Pre-sale inspections and disclosures available; see documentation link. A rare chance to own a versatile, view-rich duplex in one of San Leandro's hillside locations, just minutes from downtown Castro Valley.

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Multi-Family Active

Price

$ 898,888

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 14,490

Style

Lot Size

0.1386

Year Built

1947

Town/City

San Leandro

County/Region

Alameda

MLS | Web ID

ML82058503

Days on Market

7

Features
General
Living Area 1618
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Natural Gas Available
Roof Composition Shingle
Appliances Refrigerator
Zoning R1-
Garage Spaces 0
Year Built 1947
View Bay City Lights Panoramic
Property Subtype Duplex
Accessibility None
County Alameda
Insurance Expense 1391
Property Type Residential Income
HOA false
MaintenanceExpense 108
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Cross Street: Joan Drive
City San Leandro
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 6038
Carport Spaces 0
Tax Annual Amount 14490
Trash Expense 894
Standard Status Active
Occupancy Type Owner
Year Built Source Assessor
Property Sub Type Additional Duplex
Cap Rate 4.18
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Interior
Interior Amenities Attic
Flooring Carpet Laminate Tile
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features Guest Off Street Unassigned
Water Source Public
Total Parking 6
Lot Size Area 6038
Foundation Details Combination
Number of Buildings 1
Building Area Total 1618
Lot Size Acres 0.1386
Lot Size Source Assessor
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* Excluded Features
List By
Kapowich Real Estate

Broker

pat@siliconvalleybroker.com

Email

Affordability Calculator

$6,883
Per Month
82%
18%
0%
Monthly Principal & Interest
$5,676
Monthly Property Taxes
$1,208
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/23/2026$898,888 -2.19% Price Down
8/21/2026$919,000 Listed Price

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1940 Placer Drive, San Leandro, CA, 94578 is a Multi-Family Home for sale at $898,888 with 1,618 sqft and a lot size of 0.1386. 1940 Placer Drive is a studio with 0.0 baths and was built in 1947. The property's zip code is 94578 which is in San Leandro, CA