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Julie McCoy

julie@juliemccoy.com +1(925) 980-8095

Listed by Vanguard Properties

$ 1,495,000

Est. payment | -/mo

4,999 SqFt

Save

$ 1,495,000

Est. payment | -/mo

Save

4,999 SqFt

Open House

Sun May 17, 2:00pm - 4:00pm

Wed May 20, 11:00am - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,999 sqft

Price per Sqft $299

Subdivision Downtown San Lea

MLS Listing ID 41134218

HOA Y/N No

Year Built 1975

Lot Size 7,991 Sqft

Property Sub-Type Quadruplex

Source Bridge AOR

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

Cooling No Air Conditioning

Flooring Partial Carpeting

Fireplace Yes

Appliance Dishwasher, Disposal, Dryer, Washer, Gas Water Heater

Laundry Coin Operated, Common Area, Laundry Room, Laundry Equip - Owned

Exterior

View None

Building

Lot Description Rectangular Lot, Landscaped

Water Public, Meter on Site

Schools

School District San Leandro (510) 667-3500, San Leandro (510) 667-3500

Schools and Properties Nearby

68 Oakes Blvd. San Leandro, CA 94577