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68 Oakes Blvd. San Leandro, CA 94577
7,988 Sqft Lot
Open House
Wed May 13, 11:00am - 1:00pm
Sun May 17, 2:00pm - 4:00pm
Wed May 20, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Downtown San Lea
MLS Listing ID 41134218
HOA Y/N No
Year Built 1975
Lot Size 7,988 Sqft
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Alameda
Interior
Heating Electric
Flooring Carpet
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Parking Features Assigned, Covered, Carport, Garage, Garage Door Opener
Roof Type Shingle
Total Parking Spaces 6
Building
Lot Description Back Yard, Front Yard, Sprinklers In Front, Sprinklers Timer, Yard
Others
Tax ID 7642051
Listed by Joshua Silverman Vanguard Properties #01882355