Search
Apartment Building with Renovated Units
For Sale
$5,695,000

955 Karol Way, San Leandro, CA 94577

Multifamily property with updated building systems, resident laundry, garages, and extensive on-site parking.

Property SizeContact for details
Lot Size0.85 Acres
Days on Market8

Property Features for 955 Karol Way

General Information

Standard status Active
Lot size 0.85 Acres
Property subtype Commercial

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 16 x 2BR/1BA, 3 x 2BR/1.5BA
Multifamily Units 19

Amenities

on-site laundry

Building Details

Year Built 1961
Units 19
Listing Agency: NAI Northern California
Listed By: Timothy Warren · License #02008347
Source: Steinbeckre
Added: Aug 5 Changed: Aug 6 Last Checked: Aug 11 at 8:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Northern California

Investment Insights

Based on property information with market context.

955 Karol Way is a 19-unit apartment property on a 37,200 square foot lot in San Leandro. The unit mix consists of sixteen 2-bedroom/1-bathroom apartments and three 2-bedroom/1.5-bathroom townhome units, with 16 units renovated. Property improvements include a new TPO roof, copper plumbing, updated electrical, seismic upgrades, and vinyl dual-pane windows. On-site amenities include laundry facilities, more than 30 parking spaces, and three garages.

The property is located less than one mile from Downtown San Leandro and the San Leandro BART Station. Interstate 580, Interstate 880, and State Route 185 provide regional access, including connections toward Downtown Oakland, San Francisco, and Silicon Valley. Restaurants and retail are also located nearby, including Fieldwork Brewing Company, Paradiso Restaurant, and Zocalo Coffeehouse.

Key Highlights

  • 19‑unit apartment property on a 37,200 square foot lot
  • Unit mix includes sixteen 2‑bedroom/1‑bathroom units and three 2‑bedroom/1.5‑bathroom townhome units
  • 16 units have been renovated

Property Analytics

Current Use

Towing Falcons Auto Repair Shop

Suggested Use

Top Pick Carpet & Flooring Store Garden Center Hotel & Motel Home Appliance Store (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,072
Businesses Nearby

Demographics for 94577, CA

48,868
Population
17,681
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
86%
High-School Grad
8.1 sq mi
ZIP Area
6,033
Density / Sq Mi
$110,989
Median Household Income
$56,382
Median Earnings
$2,199
Median Rent
$824,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with updated building systems, resident laundry, garages, and extensive on-site parking.
Where is this apartment building located?
The property is located at 955 Karol Way San Leandro, CA.
What is the asking price?
The asking price for this property is $5,695,000.
What are key features of this property?
This property features: 19‑unit apartment property on a 37,200 square foot lot; Unit mix includes sixteen 2‑bedroom/1‑bathroom units and three 2‑bedroom/1.5‑bathroom townhome units; 16 units have been renovated
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message