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Welcome to 68 Oakes Boulevard in San Leandro, a fully occupied and well-maintained fourplex ideally situated near Downtown San Leandro, less than one mile from BART, local dining, shopping, and the city's popular weekly Farmers Market. Located on a picturesque tree-lined street surrounded primarily by single-family homes, the property offers an appealing blend of neighborhood charm and urban convenience. Built in 1975, this substantial 4,999 SqFt building sits on a spacious 7,991 SqFt lot and features an excellent unit mix consisting of (1) 3BD/2BA unit and (3) 2BD/2BA units. Effective June 1, 2026, the property will generate gross scheduled revenue of $10,369 per month, creating strong in-place income with future upside potential. The property has been carefully maintained over the years as part of a long-held family portfolio and includes desirable tenant amenities such as a shared coin-operated laundry room, four covered carports with adjacent storage closets for the three 2BD units, and a private two-car garage serving the 3BD/2BA unit. Utility configuration is efficient, with one shared gas meter serving the building's common water heater, while each unit features separately metered electric-only interiors. 68 Oakes Boulevard is being offered concurrently with its sister fourplex next door at 76 Oakes Boulevard (also listed at $1,495,000), presenting a rare opportunity for investors seeking adjacent multifamily assets with operational scale and long-term upside. A third fourplex from the same family portfolio located at 1475 166th Avenue in Ashland is also available. Ideal for either an owner-occupant seeking a more sustainable long-term living arrangement through supplemental rental income or an investor looking for immediate cash flow, the property offers an attractive projected 5.33% cap rate in a highly desirable East Bay location. With strong occupancy history, large unit sizes, and a charming residential setting, 68 Oakes Boulevard represents an exceptional multifamily investment opportunity.
Property Type(s):
Residential Income
| Last Updated | 5/11/2026 | Tract | DOWNTOWN SAN LEA |
|---|---|---|---|
| Year Built | 1975 | County | Alameda |
Additional Details
| APPLIANCES | Dryer, Gas Water Heater, Washer |
|---|---|
| CONSTRUCTION | Wood Siding |
| GARAGE | Yes |
| HEAT | Electric |
| LOT | 7989 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Sprinklers In Front |
| LOT DIMENSIONS | 7991 |
| PARKING | Assigned, Covered, Carport, Garage, Garage Door Opener |
| SUBDIVISION | DOWNTOWN SAN LEA |
Location
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Listed with Vanguard Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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