1940 Placer Drive

Rare duplex opportunity in San Leandro's heights of the Hillcrest Knolls neighborhood, with sweeping bay views from each unit, including views of the SF Peninsula. This income-producing property features two distinct units with separate postal addresses and individually metered gas and electricity, ideal for an owner-occupant looking to offset their mortgage with rental income, or a strong addition to any investment portfolio. Unit #1942 is a 1-bedroom, 1-bathroom with in-unit laundry, perfect for owner-occupancy or premium market-rate rental. Unit #1940 is a spacious 2-bedroom, 1-bathroom occupied by a long-term tenant providing immediate rental income. Dedicated off-street parking behind the duplex for 6 vehicles. Excellent commute location near major routes, shopping, and dining. Pre-sale inspections and disclosures available; see documentation link. A rare chance to own a versatile, view-rich duplex in one of San Leandro's hillside locations, just minutes from downtown Castro Valley.

Days on Market

0 days

Current Status

Active

Original Price

$898,888

List Price

$898,888

On Market Date

Aug 24, 2026

Property Type

Single Family Home

Area

3300 - Castro Valley

Zip Code

94578

MLS ID

ML82058819

APN

079-0008-016

Year Built

1947

Stories in Building

1

Possession

Unavailable

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

3

Bath

2

Parking

6

Assigned Spaces, Common Parking Area, Guest / Visitor Parking, Off-Street Parking, On Street, Parking Area, Unassigned Spaces

SQ FT

1,618

SQ FT Source

Unavailable

Lot SQ FT

6,038.0

Lot Acres

0.138613 Acres

Kitchen

Oven Range - Gas, Refrigerator

Cooling

None

Dining Room

No Formal Dining Room, No Informal Dining Room

Disclosures

Natural Hazard Disclosure

Family Room

No Family Room

Flooring

Carpet, Laminate, Tile, Vinyl / Linoleum

Foundation

Combination, Crawl Space

Heating

Gas, Wall Furnace

Views

Bay, City Lights

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.