# House Hacking in San Leandro (94577): Dual transit spines and a 1.41% tax rate · The Rent Hacker > San Leandro 94577 for house hackers: Two frequent-transit spines in one ZIP (San Leandro BART plus the Tempo BRT southern terminus), a delivered downtown TOD, Canonical: https://therenthacker.com/house-hacking/san-leandro-94577/ Source: The Rent Hacker (https://therenthacker.com/). License: RSL, attribution required — https://therenthacker.com/license.xml --- [East Bay guide](/house-hacking/east-bay/) · Tier S · Rank #5 of 87 # House hacking in San Leandro (Downtown / Marina). Two frequent-transit spines in one ZIP (San Leandro BART plus the Tempo BRT southern terminus), a delivered downtown TOD, and a 500-unit shoreline plan. ## What's actually happening in 94577 - Operational San Leandro BART (about 19 minutes to downtown Oakland) plus the Tempo BRT terminus at 10-minute headways: dual frequent transit. [BART / AC Transit](https://www.actransit.org/tempo/project) - Entitled / early implementation Monarch Bay Shoreline: up to 500 units plus hotel and retail; VTTM 8643 (148 lots) entitled and in early implementation. [City of San Leandro](https://www.sanleandro.org/655/Shoreline-Development) - Funded / delivered San Leandro BART TOD (Cornerstone/BRIDGE, 115 affordable units) funded in the BART TOD pipeline; the downtown Centro Callan TOD (196 units) delivered 2024. [BART / SF YIMBY](https://www.bart.gov/about/business/tod/sanleandro) - Existing anchors Kaiser San Leandro (2,100+ employees) and the AVEVA tech campus at BART are in-ZIP anchors. ZIP evidence cache (2026-07-04) - Adopted The 2023–2031 Housing Element raises the D-2 downtown district to 85 du/ac near transit (adopted Dec 2022, HCD-certified Feb 2023). [San Leandro Housing Element](https://slhousingelement.com/wp-content/uploads/2023/02/4-Housing-Resources.pdf) ## The numbers Median price ~Alameda median (not isolated this run; $1.2M county fallback) Market rent San Leandro $2,295/mo (Zumper, Apr 2026) Property tax (Alameda County) ~1.41% effective (San Leandro; notably below Oakland and Berkeley) Per-bed rent band $900–1,250/mo per bed ADU rent band $1,900–2,400/mo Whole-home rent band 2bd $2,295 / 3bd $2,800 whole-home Underwriting vacancy 5% underwriting vacancy Appreciation scenarios 1.5 / 3.0 / 4.0 %/yr (conservative / base / upside) The 1.41% tax rate meaningfully improves the pencil vs Oakland. Appreciation basis: Dual transit; 1940s–60s stock at mid capex; the 1.41% tax aids the pencil. Rent bands are city-level medians; confirm the specific parcel before trusting any of them. [Run your own scenario in the calculator](/calculator/). ## Buildings we underwrote in 94577 6 buildings in 94577 carry a record. 0 beat renting and index funds; the rest did not. Every row links to its own page, with the numbers it was scored on. Property At our defaults Status [2127 Fairway Dr](/property/rh-ikloz2/2127-fairway-dr/) 1 unit · $400,000 −$128,052 S&P 500 Underwritten — the index wins at our defaults [1540 Orchard Ave](/property/rh-d4v9eo/1540-orchard-ave/) 2 units · $749,950 −$403,487 S&P 500 Underwritten — the index wins at our defaults [209 Dabner St](/property/rh-x1diac/209-dabner-st/) 2 units · $990,000 −$404,213 S&P 500 Underwritten — the index wins at our defaults [948 Karol Way](/property/rh-5a1n77/948-karol-way/) 2 units · $969,000 −$609,427 S&P 500 Underwritten — the index wins at our defaults [2180 Clarke St](/property/rh-dbojq7/2180-clarke-st/) 2 units · $1,228,888 −$907,048 S&P 500 Underwritten — the index wins at our defaults [446 Dolores Ave](/property/rh-m87r29/446-dolores-ave/) 2 units · $1,288,000 −$1,047,756 S&P 500 Underwritten — the index wins at our defaults The full [board](/board/) shows every region's current week; this table is every record we hold for 94577, newest basis first. ## The house-hack angle SFH-with-ADU and small multifamily near downtown BART; room rentals to Kaiser staff and Oakland or SF commuters. The 1.41% tax, well under Oakland and Berkeley, does real work in the coverage math. ## What breaks it - Marina and shoreline projects are early-stage: verify Monarch Bay financing progress - Industrial adjacency in West San Leandro - No isolated ZIP median this run: re-comp at the parcel level This page is the standing analysis. The weekly part, actual San Leandro-area listings that pass the math, lands on the East Bay board every Wednesday. [This week's East Bay board](/board/sf-east-bay/) [This week's East Bay board](/board/sf-east-bay/) · [Read past East Bay issues](/issues/sf-east-bay/) · [Every pick, on the record](/track-record/) · [How a deal becomes a pick](/methodology/) Data synthesized 2026-07-04, catalysts re-verified 2026-07-15. Mortgage-rate basis: 6.43% (Freddie Mac PMMS, week of 2026-07-02). Sources are the public planning documents and market listings named above, fetched on the synthesis date. Nothing here is investment advice; every deal needs a bindable insurance quote and parcel-level verification.