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Millman Team Real Estate

$5,695,000
0.85 Acre Lot

955 Karol Way, San Leandro, California 94577

  • Residential Income Property Type
  • 1961 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
41143863
$5,695,000
1961
0.85 Acre
Active
Apartment
: Composition
Features
: Wall Furnace
: None
$0
Appliances
: Dryer, Washer
Address Map
CA
Alameda
San Leandro
MULFORD
94577
Karol Way
955
W123° 50' 42''
N37° 43' 42.5''
Cross Street: Dutton Ave.
Additional Information
$0
$0
$0
$0
$0
: Stucco
: Cul-De-Sac
19
2026-08-04
Broker/Agent Information
NAI Northern California
Timothy Warren
Listing Information
BMLS-R02008347
BMLS-OBOJMTB
Active
2026-08-04T22:44:50Z
CRMLS
2026-08-03T17:00:00Z
Agent info
Ray Millman
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