Permit in process for second ADU. Welcome to a rare opportunity in the heart of downtown Pleasanton, two homes on one lot offering charm, flexibility, and major upside. The beautifully updated main home features wide plank wood flooring, recessed lighting, and a chef inspired kitchen that’s perfect for cooking and entertaining. The detached ADU has its own private entrance and full living quarters, ideal for guests, multigenerational living, or consistent rental income. But here’s where it gets exciting: SB 9 research is in progress to explore the possibility of a lot split, which could unlock even more potential. Whether you’re an investor looking to maximize returns, a homeowner seeking rental cash flow, or a visionary ready to develop a third dwelling, this property offers room to grow. All of this is located just minutes from top rated schools, shopping, dining, and commuter routes, blending downtown convenience with long term opportunity. Don’t miss your chance to own this Pleasanton gem with income potential and future development upside.
For sale
$2,199,000
1038 Division St, Pleasanton, CA 94566
4beds
1,375sqft
Est.:
Residential, Single Family Residence
Built in 1890
0.32 Acres Lot
$2,142,100 Zestimate®
$1,599/sqft
$-- HOA
What's special
- 11 days
- on Zillow |
- 1,153 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: July 30, 2025 at 12:21pm
Listed by:
Brianna Armario DRE #01967027 925-694-0802,
Keller Williams Tri-valley,
DeAnna Armario DRE #01363180 925-260-2220,
Keller Williams Tri-valley
Source: Bay East AOR,MLS#: 41105809

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: 4 Bedrooms
Kitchen
- Features: Stone Counters, Dishwasher, Gas Range/Cooktop, Refrigerator
Heating
- Central
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Gas Range, Refrigerator, Dryer, Washer, Washer/Dryer Stacked
- Laundry: Inside
Features
- Flooring: Tile, Engineered Wood
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,375
- Total interior livable area: 1,375 sqft
Property
Parking
- Parking features: No Garage, Private
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Wood
Lot
- Size: 0.32 Acres
- Features: 2 Houses / 1 Lot, Landscaped, Back Yard, Front Yard
Details
- Parcel number: 941278
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Residential, Single Family Residence
Materials
- Stucco
- Roof: Slate
Condition
- Existing
- New construction: No
- Year built: 1890
Utilities & green energy
- Electric: No Solar
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Downtown Area
HOA
- Has HOA: No
Location
- Region: Pleasanton
Financial & listing details
- Price per square foot: $1,599/sqft
- Tax assessed value: $1,664,640
- Annual tax amount: $19,622
- Date on market: 7/23/2025
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