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.
For sale
Price cut: $20.1K (8/23)
$898,888
1940 Placer Dr, San Leandro, CA 94578
3beds
1,618sqft
Single Family Residence, Residential
Built in 1947
6,038 Square Feet Lot
$-- Zestimate®
$556/sqft
$-- HOA
What's special
- 56 days
- 540
- 16
Zillow last checked:
Listing updated:
Listed by:
Pat Kapowich 00979413 408-245-7700,
Kapowich Real Estate 408-245-7700
Source: MLSListings Inc,MLS#: ML82058819
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Laundry
Dining room
- Features: NoFormalDiningRoom, NoInformalDiningRoom
Family room
- Features: NoFamilyRoom
Heating
- Gas, Wall Furnace
Cooling
- None
Appliances
- Included: Gas Oven/Range, Refrigerator
Features
- Walk-In Closet(s)
- Flooring: Carpet, Laminate, Tile, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 1,618
- Total interior livable area: 1,618 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Common, Guest, Off Street, On Street, Parking Area
Accessibility
- Accessibility features: None
Features
- Stories: 1
- Patio & porch: Balcony/Patio
- Has view: Yes
- View description: Bay, City Lights
- Has water view: Yes
- Water view: Bay
Lot
- Size: 6,038 Square Feet
Details
- Parcel number: 0790008016
- Zoning: R1-
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Combination, Crawl Space
- Roof: Composition, RolledHotMop, Shingle
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Gas: IndividualGasMeters, NaturalGas, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Public Utilities, Water Public
Community & HOA
Location
- Region: San Leandro
Financial & listing details
- Price per square foot: $556/sqft
- Tax assessed value: $821,915
- Date on market: 8/24/2026
- Listing agreement: ExclusiveRightToSell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2026 | Price change | $898,888-2.2%$556/sqft |
Source:  MLSListings Inc #ML82058503 Report a problem | ||
| 8/21/2026 | Listed for sale | $919,000+16.3%$568/sqft |
Source: MLSListings Inc #ML82058503 Report a problem | ||
| 5/31/2024 | Sold | $790,000+216%$488/sqft |
Source: Public Record Report a problem | ||
| 3/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/2/2024 | Price change | $1,895-5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/19/2024 | Listed for rent | $1,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/9/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/29/2023 | Listed for rent | $1,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/28/2022 | Sold | $250,000-50%$155/sqft |
Source: Public Record Report a problem | ||
| 9/21/2017 | Listing removed | $500,000$309/sqft |
Source: Alain Pinel Realtors #40797576 Report a problem | ||
| 9/19/2017 | Listed for sale | $500,000+85.2%$309/sqft |
Source: Alain Pinel, REALTORS #40797576 Report a problem | ||
| 11/23/2011 | Sold | $270,000-51.4%$167/sqft |
Source:  Bay East AOR #40537864 Report a problem | ||
| 4/28/2005 | Sold | $555,000$343/sqft |
Source: Bay East AOR #40067564 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $821,915 +2% |
| 2025 | $11,529 +116.8% | $805,800 +142.4% |
| 2024 | $5,318 -0.8% | $332,468 +2% |
| 2023 | $5,362 +3.6% | $325,951 +2% |
| 2022 | $5,175 +3.4% | $319,560 +2% |
| 2021 | $5,004 +3.1% | $313,297 +1% |
| 2020 | $4,852 +3.5% | $310,086 +2% |
| 2019 | $4,690 +5.5% | $304,008 +2% |
| 2018 | $4,447 | $298,050 +2% |
| 2017 | $4,447 -41% | $292,207 -49.2% |
| 2016 | $7,537 +83% | $575,000 +103.8% |
| 2015 | $4,120 +1% | $282,176 +2% |
| 2014 | $4,077 | $276,650 +0.5% |
| 2013 | -- | $275,400 +2% |
| 2012 | -- | $270,000 -14.3% |
| 2011 | -- | $315,000 -22.2% |
| 2010 | -- | $405,000 -32.6% |
| 2009 | -- | $600,742 +2% |
| 2008 | -- | $588,965 +2% |
| 2007 | -- | $577,421 +2% |
| 2006 | -- | $566,100 +236.5% |
| 2005 | -- | $168,218 +2% |
| 2004 | -- | $164,920 +1.9% |
| 2003 | -- | $161,899 +2% |
| 2002 | -- | $158,724 +2% |
| 2001 | $2,064 | $155,612 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 94578
Nearby schools
Schools provided by the listing agent
- District: SanLeandroUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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