1038 Division St, Pleasanton, California 94566, Pleasanton, - bed, bath

home-pic
ACTIVE$2,095,000
1038 Division St, Pleasanton, California 94566
4Beds
2Baths
1,375Sqft
14,000Lot
Year Built
1890
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41115498
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

Permit in process for second ADU. Welcome to a rare opportunity in the heart of downtown Pleasanton, two homes on one lot offering charm, flexibility, and major upside. The beautifully updated main home features wide plank wood flooring, recessed lighting, and a chef inspired kitchen that’s perfect for cooking and entertaining. The detached ADU has its own private entrance and full living quarters, ideal for guests, multigenerational living, or consistent rental income. But here’s where it gets exciting: SB 9 research is in progress to explore the possibility of a lot split, which could unlock even more potential. Whether you’re an investor looking to maximize returns, a homeowner seeking rental cash flow, or a visionary ready to develop a third dwelling, this property offers room to grow. All of this is located just minutes from top rated schools, shopping, dining, and commuter routes, blending downtown convenience with long term opportunity. Don’t miss your chance to own this Pleasanton gem with income potential and future development upside.

Nearby schools

8/10
Walnut Grove Elementary School
Public,K-50.5mi
6/10
Alisal Elementary School
Public,K-50.7mi
8/10
Phoebe Apperson Hearst Elementary School
Public,K-50.9mi
6/10
Valley View Elementary School
Public,K-51.2mi
8/10
Pleasanton Middle School
Public,6-80.6mi
8/10
Harvest Park Middle School
Public,6-80.7mi
9/10
Amador Valley High School
Public,9-120.6mi
9/10
Foothill High School
Public,9-122.0mi

Price History

Date
Event
Price
10/22/25
Listing
$2,095,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (181 Listings)
Beds44
50%
Baths23
36%
Square foot1,3752,179
8%
Lot Size14,0008,509
78%
Price$2.1M$1.84M
59%
Price per square foot$1,524$814.5
99%
Built year18909885989
1%
HOA
Days on market13159
1%
Condition Rating
Excellent

Despite being built in 1890, this property has undergone an extensive and high-quality renovation, likely within the last 5 years, as evidenced by the 'beautifully updated main home' description and the images. The kitchen is 'chef inspired' with new white shaker cabinets, white quartz countertops, subway tile backsplash, and modern stainless steel appliances, including a gas cooktop and vented hood. Both bathrooms feature modern floating vanities, contemporary tile work, and black fixtures, indicating a complete overhaul. Throughout the main home and the detached ADU, there is consistent wide plank wood flooring (or high-quality LVP), recessed lighting, and a fresh, modern aesthetic. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Income & Flexible Living Potential: Features two homes on one lot, including a detached ADU with private entrance and full living quarters, offering significant rental income potential or multi-generational living options.
Significant Development Upside: A permit is in process for a second ADU, and SB 9 research for a lot split is underway, presenting substantial future development and value-add opportunities for investors or visionary homeowners.
Prime Downtown Location: Situated in the heart of downtown Pleasanton, providing convenient access to top-rated schools, diverse shopping, dining, and major commuter routes, blending convenience with long-term opportunity.
Updated Main Residence: The beautifully updated main home features modern amenities including wide plank wood flooring, recessed lighting, and a chef-inspired kitchen, enhancing its immediate appeal and functionality.
Excellent School District: Located just minutes from highly-rated public schools, including Amador Valley High (9) and Foothill High (9), making it a strong draw for families.

Cons

Historic Property Age: Built in 1890, the property's age may imply potential for unforeseen maintenance issues or require updates to older systems not explicitly covered by current renovations.
Conditional Development Potential: The 'permit in process' for a second ADU and 'SB 9 research in progress' for a lot split are not guaranteed, introducing uncertainty and potential delays or costs for realizing the full development upside.
Aggressive Pricing Relative to Estimate: The current list price is 13% above the estimated property value, suggesting it may be priced aggressively and could face buyer resistance or require a price adjustment.

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