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68 Oakes Blvd.

san leandro, CA 94577

$1,495,000

    Interested? Let's Connect

    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.

    OPEN HOUSE

    05/17 2:00PM - 4:00PMAdd to Calendar

    OPEN HOUSE

    05/20 11:00AM - 1:00PMAdd to Calendar

    Details

    7,991 Sq Ft Lot Size

    investment

    Built in 1975

    MLS/Listing ID 41134218

    4 Units

    Amenities & Features

    Parking - Garage

    Parking - Carport

    Parking - Covered

    Parking - Assigned

    Lot - Yard

    Lot - Sprinklers on Timer

    Parking - Garage Door Opener

    Shingle

    Gas Water Heater

    Dryer

    Washer

    Construction - Wood Siding

    Carpet

    Heating - Electric

    Lot - Backyard

    Lot - Front Yard

    Lot - Sprinklers in Front

    Estimate my mortgage

    TOTAL MONTHLY COST

    $0

    • PRINCIPAL & INTEREST

      $0

    • PROPERTY TAXES

      $0

    • Common Charges

      $0

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