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Listed by Haili Wu Kidder Mathews
$ 2,750,000
Est. payment | /mo
2 Beds
1 Bath
0.52 Acres Lot
$ 2,750,000
Est. payment | /mo
2 Beds
1 Bath
0.52 Acres Lot
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 425068183
Bedrooms 2
Full Baths 1
HOA Y/N No
Lot Size 0.521 Acres
Acres 0.5212
Property Sub-Type Single Family Residence
Property Description
We are excited to present a rare opportunity to acquire a 0.52-acre development site in downtown San Leandro. Located at 1659 & 1693 Washington Ave, the property features a level 22,702 SF lot with full utility access, offering immediate development potential. Situated in a vibrant and expanding East Bay submarket, the site is zoned and ideally suited for high-density residential projects. It was previously entitled for a 60-unit multifamily development, giving developers the chance to revive those entitlements or pursue a new plan aligned with current market demand and planning goals. This prime downtown San Leandro location is walkable, lively, and transit-connected with direct access to the Greater Bay Area. Both parcels are currently on month-to-month rental agreements and can be delivered vacant. The commercial property is leased to an auto repair business, while the residential property includes a modest single-family home built in 1926. If the buyer prefers to assume the rental agreements while securing entitlements, the auto repair building generates $5,500 monthly, and the house brings in $2,200, totaling $7,700 in monthly rental income. APNs: 75661 & 75651
Location
State CA
County Alameda
Area San Leandro
Interior
Fireplace No
Exterior
Private Pool false
Building
New Construction No
Others
Tax ID 75651
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Fatemah Nikchehi (nik-chee)
Broker Associate | Lic# 01703928