68 Oakes Blvd., San Leandro, CA 94577

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.

Listing Status:

Active

Date Added:

May 11, 2026

Data Last Updated:

May 20, 2026 at 6:16AM

Listing Office:

Vanguard Properties : 510-590-4290

Listing Agent:

Joshua Silverman : 510-292-8160

MLS ID:

41134218

Interior

• Appliances: Gas Water HeaterDryerWasher
• Flooring: Carpet
• A/C: None
• Heating: Electric

Exterior

• Parking: AssignedCoveredCarportGarageGarage Door OpenerParking spaces: 6

Construction

• Roofing: Shingle
• General: Wood Siding

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_BMLS
• County: Alameda

Lot

• Zoning: 7642051

Financial

• Source: CRMLS_BMLS