21798 Independent School Rd, Castro Valley, California 94552, Castro Valley, - bed, bath

home-pic
ACTIVE$2,395,000
21798 Independent School Rd, Castro Valley, California 94552
0Bed
0Bath
Sqft
14,864Lot
Year Built
1976
Close
-
List price
$2.4M
Original List price
$2.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41105959
Home ConditionPoor
Features
Excellent View: Bay, City Lights, Canyon, Park/Greenbelt, Hills, Panoramic, Valley, Water
Spa
Patio
ViewBay,City Lights,Canyon,Park/Greenbelt,Hills,Panoramic,Valley,Water

About this home

Two Homes On One Lot - Ideal for Family/Multigenerational Living or Investment Opportunity! A rare and versatile opportunity! This property features two homes on an expansive 14,864 sqft lot offering a total of 8 bedrooms, 8 bathrooms, and 6,680 sq.ft of living space. Perfect for multigenerational living, extended families or income producing potential. The main home offers 5 bedrooms and 4 bathrooms and is ready for your finishing touches and customization. A flex space with its own private bathroom makes an ideal home office, gym, creative studio or guest suite. The second home is move in ready 3 bedrooms, 3 bath residence providing immediate options for family, rental income or guest accommodations. . Step outside to enjoy the beautifully landscaped grounds including numerous fruit trees, a detached storage shed, and plenty of space for outdoor entertaining or gardening. Conveniently located near shopping, restaurants, and boasting quick access to 580, 238, and 880 freeways, this property is a rare find offering space, versatility, and incredible potential. Live in one, finish the other – or rent both! A true gem with endless possibilities. A property like this does not come around that often!

Price History

Date
Event
Price
11/04/25
Price Change
$2,395,000-4.2%
07/24/25
Listing
$2,500,000
Condition Rating
Poor

This property consists of two homes. While the second home is described as 'move-in ready' and appears functional with an older but maintained kitchen (dark wood cabinets, black appliances, laminate-style countertops), the main home is explicitly stated to be 'ready for your finishing touches and customization.' The images confirm the main home is currently an unfinished shell with plywood subfloors, exposed rough-ins, and no installed kitchens or bathrooms. This significant portion of the property requires substantial rehabilitation to be livable, thus bringing the overall condition down to 'Poor' despite the second home being functional.
Pros & Cons

Pros

Dual Residence & Versatility: The property features two distinct homes on one lot, offering exceptional versatility for multigenerational living, extended families, or a combination of personal residence and rental income.
Income Producing Potential: With two separate residences, one being move-in ready, there's immediate potential for significant rental income or guest accommodations, enhancing the property's financial appeal.
Expansive Lot Size: An expansive 14,864 sqft lot provides ample outdoor space for entertaining, gardening, and includes beautifully landscaped grounds with numerous fruit trees and a detached storage shed.
Panoramic Views: The property boasts desirable views including Bay, City Lights, Canyon, Park/Greenbelt, Hills, Panoramic, Valley, and Water, adding significant aesthetic and market value.
Convenient Freeway Access: Strategically located with quick access to major freeways (580, 238, and 880), offering excellent connectivity for commuters and easy access to local amenities like shopping and restaurants.

Cons

Main Home Requires Customization: The main 5-bedroom, 4-bathroom home is described as 'ready for your finishing touches and customization,' indicating additional investment and effort required from the buyer to complete.
Property Age: Built in 1976, the property's age suggests that some systems or components may be original or require updating, potentially leading to unforeseen maintenance or renovation costs.
Recent Price Reduction: The property has undergone a recent price reduction from $2.5M to $2.395M, which could indicate initial overpricing or market resistance, potentially affecting perceived value.

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