955 Karol Way

955 Karol Way, San Leandro, CA 94577

Property Information

  • For Sale $5,695,000
  • Property Type Multi-Family
  • Property Size 15,268 SF
  • Units 19
  • Lot Size 0.85 Acre
  • Building Class B
  • Year Built 1961
  • Date Updated Sep 3, 2026

Description

955 Karol Way is ideally located less than one mile from Downtown San Leandro and the San Leandro BART Station, providing residents with convenient access to Downtown Oakland, San Francisco, and Silicon Valley. The property also offers immediate access to Interstate 580, Interstate 880, and State Route 185, making commuting throughout the Bay Area seamless. Residents enjoy proximity to a growing collection of restaurants and retail, including Fieldwork Brewing Company, Paradiso Restaurant, Zocalo Coffeehouse, and the Safeway Shopping Center, along with neighborhood parks, schools, and everyday conveniences. Combining excellent transportation access with a vibrant downtown and strong rental demand, the property is well positioned in one of the East Bay's most established multifamily markets.The Mitchell Warren Team is pleased to present 955 Karol Way, a well-maintained 19-unit multifamily property situated on a large 37,200 square foot lot in San Leandro. The property features an attractive unit mix of sixteen (16) 2-bedroom/1-bathroom units and three (3) 2-bedroom/1.5-bathroom townhome units, 16 of which have been renovated. A true turnkey asset, the property has benefited from extensive capital improvements, including a new TPO roof, copper plumbing, updated electrical, seismic upgrades, and vinyl dual-pane windows. The oversized lot provides 30+ on-site parking spaces, including three garages, and additional income is generated through on-site laundry. The property represents an exceptional investment opportunity in one of the East Bay's most established rental markets.

Highlights

  • 16 of 19 units renovated, minimizing near-term capital expenditures
  • 19-unit multifamily property on a 37,200 SF lot with 30+ on-site parking spaces
  • Additional income from on-site laundry with long-term upside through continued market rent growth
  • Attractive unit mix of sixteen (16) 2BD/1BA units and three (3) 2BD/1.5BA townhome units
  • Extensive capital improvements, including a new TPO roof, copper plumbing, updated electrical, seismic upgrades, and vinyl dual-pane windows
  • Walking distance to Downtown San Leandro and the San Leandro BART Station with convenient access to I-580 and I-880

Contacts

Location

Located at 955 Karol Way, San Leandro, CA 94577, this property is part of the North San Leandro neighborhood and Bay Area market.

Contact Listing Broker
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