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Pleased to present 955 Karol Way, a well-maintained 19-unit multifamily property situated on a large 37,200 square foot lot in San Leandro. The property features an attractive unit mix of sixteen (16) 2-bedroom/1-bathroom units and three (3) 2-bedroom/1.5-bathroom townhome units, 16 of which have been renovated. A true turnkey asset, the property has benefited from extensive capital improvements, including a new TPO roof, copper plumbing, updated electrical, seismic upgrades, and vinyl dual-pane windows. The oversized lot provides 30+ on-site parking spaces, including three garages, and additional income is generated through on-site laundry. The property represents an exceptional investment opportunity in one of the East Bay's most established rental markets. 955 Karol Way is ideally located less than one mile from Downtown San Leandro and the San Leandro BART Station, providing residents with convenient access to Downtown Oakland, San Francisco, and Silicon Valley. The property also offers immediate access to Interstate 580, Interstate 880, and State Route 185, making commuting throughout the Bay Area seamless. Residents enjoy proximity to a growing collection of restaurants and retail, including Fieldwork Brewing Company, Paradiso Restaurant, Zocalo Coffeehouse, and the Safeway Shopping Center, along with neighborhood parks, schools, and everyday conveniences. Combining excellent transportation access with a vibrant downtown and strong rental demand, the property is well positioned in one of the East Bay's most established multifamily markets.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1961
  • 0.85 Acre Lot
  • 97 days on Market

  • Year Built
    1961
  • Construction Materials
    Stucco
  • Living Area
    15628.0
  • Interior Features
    Storage
  • Appliances
    Dryer, Washer
  • Flooring
    Vinyl, Carpet
  • Exterior Features
    Garden
  • Cooling
    None
  • Heating
    Wall Furnace
  • Basement
    None

  • Acres
    0.85
  • Lot Features
    Cul-De-Sac
  • Water
    Public

  • County
    Alameda
  • City
    San Leandro
  • Neighborhood
    MULFORD
  • Zip Code
    94577

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Frequently Asked Questions

How do I schedule a tour of 955 Karol Way?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 955 Karol Way.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 955 Karol Way?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $5,695,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in San Leandro, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 955 Karol Way?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 955 Karol Way at around $32,409. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 955 Karol Way?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Alameda County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 955 Karol Way?

In most cases, yes. Whether 955 Karol Way is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in San Leandro's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 955 Karol Way?

We can handle that for you. Our preferred local agent specializes in residential incomes in San Leandro and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $5,695,000 with 15,628 sqft of space—that comes out to approximately $364 per square foot.

How long has this property been on the market?

955 Karol Way was listed on August 04, 2026, which means it's been on the market for 97 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1961, making it approximately 65 years old.

What is the lot size of this property?

955 Karol Way sits on a 0.85-acre lot, which is 37,026 square feet.

Is 955 Karol Way still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Bay East ©2026. CCAR ©2026. bridgeMLS ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at November 09, 2026 at 04:16AM.

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