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400 Joaquin Ave, San Leandro, California 94577, San Leandro, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$1,198,000
400 Joaquin Ave, San Leandro, California 94577
0Bed
0Bath
Sqft
9,175Lot
Year Built
1951
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41109295
Home ConditionPoor
Features
View-

About this home

Well-located 4-unit property on a prominent corner lot in the heart of San Leandro; features spacious one-bedroom residential apartments. The property’s desirable corner location offers excellent visibility yet benefits from a quiet neighborhood feel with easy access to local amenities. Tenants enjoy proximity to downtown San Leandro shops, restaurants, public transportation (BART ±0.7 miles), and major commuter routes, including I-580 and I-880. Whether you’re an investor seeking stable, diversified income or an owner-user. The property benefits from a detached 4 car garage, plus additional storage for tenant convenience. Built in 1951, the property has a classic appeal with each of the residences offering spacious kitchen and living areas and front and rear entrances plus individual washer/dryer hookups.

Nearby schools

4/10
McKinley Elementary School
Public,•K-5•0.5mi
5/10
Washington Elementary School
Public,•K-5•0.6mi
6/10
Wilson Elementary School
Public,•K-5•1.0mi
4/10
Bancroft Middle School
Public,•6-8•0.3mi
5/10
John Muir Middle School
Public,•6-8•1.2mi
5/10
San Leandro High School
Public,•9-12•0.8mi

Price History

Date
Event
Price
08/25/25
Listing
$1,198,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (7 Listings)
Beds00
Baths00
Square foot00
Lot Size9,1755,512
75%
Price$1.2M$828K
75%
Price per square foot$0$0
Built year19519710972
88%
HOA
Days on market72170
13%
Condition Rating
Poor
Built in 1951, the property's kitchen and bathrooms are significantly outdated, appearing to be either original or last renovated 30-50+ years ago. The kitchen features dated laminate countertops, older white appliances, and linoleum flooring. The bathroom also shows very dated fixtures and finishes. While the exterior appears maintained and some living areas have hardwood floors, the critical interior spaces require substantial rehabilitation to meet current quality standards and tenant expectations. The property is functional but would be considered very uncomfortable by modern living standards without extensive renovations.
Pros & Cons

Pros

Investment Potential: As a 4-unit residential income property (quadruplex), it offers stable and diversified income streams, appealing to both investors and owner-users.
Prime Location & Accessibility: Strategically located on a prominent corner lot in downtown San Leandro, providing excellent visibility, a quiet neighborhood feel, and superb access to local amenities, shops, restaurants, BART (±0.7 miles), and major commuter routes (I-580, I-880).
Tenant-Centric Amenities: Features a detached 4-car garage, additional storage, individual washer/dryer hookups, and separate front/rear entrances for each unit, enhancing tenant convenience and appeal.
Spacious Unit Layouts: Each one-bedroom apartment offers spacious kitchen and living areas, providing comfortable living spaces for tenants.
Strong School Proximity: Located near multiple highly-rated public schools, including Washington Elementary (5/6), John Muir Middle (5/6), and San Leandro High (5/6), which is attractive for families.

Cons

Property Age & Potential Updates: Built in 1951, the property may require significant capital expenditure for system updates (e.g., plumbing, electrical, HVAC) or deferred maintenance, as no recent renovations are specified.
Limited Unit Diversity: Comprising exclusively one-bedroom units, the property's tenant pool may be limited, potentially excluding larger households or those seeking multi-bedroom options.
Absence of Modern Comfort Systems: The description does not mention modern HVAC or central air conditioning, which could be a drawback for tenant comfort during warmer months and may require future investment.

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