Josh Silverman Presents

LARGE SAN LEANDRO FOURPLEX ON BEAUTIFUL TREE-LINED STREET

$1,495,000

Welcome to 76 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 8,000 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 rents of $10,163 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.

76 Oakes Boulevard is being offered concurrently with its sister fourplex next door at 68 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 5.06% cap rate in a highly desirable East Bay location. With strong occupancy history, large unit sizes, and a charming residential setting, 76 Oakes Boulevard represents an exceptional multifamily investment opportunity.
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Property Details

Bedrooms 9
Bathrooms 8
Square Feet 4,999 sq ft
Neighborhood

Neighborhood

San Leandro is a small city just south of Oakland. Its east side stretches up into the hills of the East Bay Regional Park District. The west side is flatter and has the advantage of the San Francisco Bay shoreline, public golf course, and marina.
Homes for sale in San Leandro can be traced through the decades -- from the 1910s to the present day. A wide variety of architectural styles is found in north San Leandro. Dramatic, hillside contemporary homes, many of which feature expansive bay and canyon views, are the hallmark of the Bayo Vista neighborhood. Charming, older homes sit along the winding streets of the Estudillo Estates and Broadmoor Districts. Most of the city's ranch-style homes lie towards the Marina, along with some newer, custom-home developments.
San Leandro is proud of its small-town feel and boasts a Wednesday farmers' markets, several annual festivals, and an increasing number of locally owned restaurants and coffee houses. San Leandro’s commute options are excellent: it has its own Bay Area Rapid Transit (BART) station, transbay buses, and easy access to Interstate 880 and Interstate 580 for trips to the Silicon Valley or San Francisco.

Josh Silverman

Vanguard Properties

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