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$898,888 -$20,112 (-2.19%) Price Reduced

  • For Sale
  • Active
  • Duplex
  • 1,618 Sq. Ft.
  • Updated 3 days ago
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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.

Full Property Details for 1940 Placer Dr

General

  • Price: $898,888
  • Status: Active
  • Type: Duplex
  • Source: RE_Infolink
  • MLS ID: ML82058503
  • Updated: 8/23/2026
  • Added to Site: 5 day(s) ago

Interior

  • Interior Features: Walk-In Closet
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Rooms

Other Rooms

  • Kitchen: Gas Oven/Range, Refrigerator
  • Laundry: Hookups Only, Washer/Dryer in Some Units

Additional Information

  • Extras: Not Applicable
  • Security/Safety: None

Parking

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

Location

  • Area: Castro Valley
  • County: Alameda
  • Cross Streets: Joan Drive

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas, Wall Furnace

Utilities

  • Sewer: Public Sewer, Sewer Connected, Sewer in Street
  • Water: Public
  • Utility Description: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Metering: Master Electric, Master Gas, Master Water

Structural Information

  • Foundation: Combination, Crawlspace
  • Roof: Composition, Rolled Composition, Shingle
  • Disability Access: None
  • Square Feet: 1,618
  • Year Built: 1947

Unit Information

Unit 1

  • Square Feet: 952
  • Bedrooms: 2

Unit 2

  • Square Feet: 667
  • Bedrooms: 1

Lot Features

  • Property View: Bay, City Lights, Panoramic
  • Minimum Lot Size: 6038
  • Lot Size (Sq. Ft.): 6,038
  • Building Sites: 1
  • Grounds/Landscape: Balcony / Patio
  • Zoning: R1-
  • Lot Description: Views

Listed by Kapowich Real Estate, Pat Kapowich

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Listing agent

— 1940 Placer Dr —

  • Pat Kapowich

    Kapowich Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1940 Placer Dr

School District:San Leandro Unified School District
NameGradesDistance
Jefferson Elementary School, San Leandro, CA
14300 Bancroft Avenue, San Leandro, CA 94578
K-50.4 mi
Bancroft Middle School
1150 Bancroft Avenue, San Leandro, CA 94577
6-81.5 mi
San Leandro High School
2200 Bancroft Avenue, San Leandro, CA 94577
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1940 Placer Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/23/2026
Price Reduced
$898,888
-2.19%
MLS
8/21/2026
Listed
$919,000
16.33%
MLS
5/24/2024
Sold
$790,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1940 Placer Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,529
117%
$821,915
2%
2024
$5,318
—
$805,800
142%
2024
$5,318
-1%
$332,468
2%
2023
$5,362
4%
$325,951
2%
2022
$5,175
3%
$319,560
2%
2021
$5,004
3%
$313,297
1%
2020
$4,852
3%
$310,086
2%
2019
$4,690
3%
$304,008
2%
2018
$4,533
2%
$298,050
2%
2017
$4,447
-41%
$292,207
-49%
2016
$7,537
83%
$575,000
104%
2015
$4,120
1%
$282,176
2%
2014
$4,077
2%
$276,650
—
2013
$4,003
—
$275,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1940 Placer Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Kapowich Real Estate, Pat Kapowich

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1940 Placer Dr, San Leandro, CA 94578 (MLS# ML82058503) is a Duplex property with 0 bedrooms and 0 full bathrooms. 1940 Placer Dr is currently listed for $898,888 and was received on August 21, 2026. Want to learn more about 1940 Placer Dr? Do you have questions about finding other Duplex real estate for sale in San Leandro? You can browse all San Leandro real estate or contact a Coldwell Banker agent to request more information.

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