About 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.
Features of 1940 Placer Drive
| MLS® # | ML82058819 |
|---|---|
| Price | $898,888 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,618 |
| Year Built | 1947 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 1940 Placer Drive |
|---|---|
| City | San Leandro |
| County | Alameda |
| State | CA |
| Zip Code | 94578 |
Amenities
| Parking | Off Street, Guest, Parking Lot |
|---|---|
| View | Bay, City Lights |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Wall Furnace |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One Story |
Exterior
| Roof | Shingle, Composition |
|---|
School Information
| District | San Leandro (510) 667-3500 |
|---|
Additional Information
| Date Listed | August 24th, 2026 |
|---|---|
| Zoning | R1- |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Pat Kapowich |
|---|---|
| Office | Kapowich Real Estate |