68 Oakes Blvd.
San Leandro, CA, 94577
$1,495,000
Beds
0 Baths
0 SqFt
0.18 Acres
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MLS #41134218 image #0
Welcome to 68 Oakes Boulevard in San Leandro, a fully occupied and well-maintained fourplex ideally situated near Downtown San Leandro, less than one mile from BART, local dining, shopping, and the city’s popular weekly Farmers Market. Located on a picturesque tree-lined street surrounded primarily by single-family homes, the property offers an appealing blend of neighborhood charm and urban convenience. Built in 1975, this substantial 4,999 SqFt building sits on a spacious 7,991 SqFt lot and features an excellent unit mix consisting of (1) 3BD/2BA unit and (3) 2BD/2BA units. Effective June 1, 2026, the property will generate gross scheduled revenue of $10,369 per month, creating strong in-place income with future upside potential. The property has been carefully maintained over the years as part of a long-held family portfolio and includes desirable tenant amenities such as a shared coin-operated laundry room, four covered carports with adjacent storage closets for the three 2BD units, and a private two-car garage serving the 3BD/2BA unit. Utility configuration is efficient, with one shared gas meter serving the building’s common water heater, while each unit features separately metered electric-only interiors. 68 Oakes Boulevard is being offered concurrently with its sister fourplex next door at 76 Oakes Boulevard (also listed at $1,495,000), presenting a rare opportunity for investors seeking adjacent multifamily assets with operational scale and long-term upside. A third fourplex from the same family portfolio located at 1475 166th Avenue in Ashland is also available. Ideal for either an owner-occupant seeking a more sustainable long-term living arrangement through supplemental rental income or an investor looking for immediate cash flow, the property offers an attractive projected 5.33% cap rate in a highly desirable East Bay location. With strong occupancy history, large unit sizes, and a charming residential setting, 68 Oakes Boulevard represents an exceptional multifamily investment opportunity.

Property Details

Price:
$1,495,000
MLS #:
41134218
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Subdivision:
DOWNTOWN SAN LEA
Listed Date:
May 11, 2026
Lot Size:
7,991 sqft / 0.18 acres (approx)
Year Built:
1975
Downtown San Lea

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Schools

Interior

Appliances
GWH
Flooring
CARP
Heating
ELC
Laundry Features
DINC, WINC

Exterior

Construction Materials
WOD
Parking Spots
6
Parking Total
6
Roof
SHN

Financial

Net Operating Income
$79,632

Map

Community

Market Summary

Current real estate data for Single Family in San Leandro as of May 21, 2026
38
Single Family Listed
60
Avg DOM
446
Avg $ / SqFt
$836,911
Avg List Price

Property Summary

    Located in the DOWNTOWN SAN LEA subdivision, 68 Oakes Blvd. San Leandro CA is a Single Family for sale in San Leandro, CA, 94577. It is listed for $1,495,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1975. The average price per square foot for Single Family listings in San Leandro is $446. The average listing price for Single Family in San Leandro is $836,911.

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68 Oakes Blvd.
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