East Bay guide · Tier A · Rank #16 of 87
House hacking in San Leandro (Bay Fair / Ashland).
Bay Fair BART is the in-ZIP two-line (Orange/Blue) transfer, and the Bay Fair TOD/Development Plan carries an EIR capacity of about 5,000 units with an active re-plan through 2027.
What's actually happening in 94578
- Operational
Bay Fair BART: the in-ZIP two-line (Orange/Blue) transfer. BART
- Active re-plan
Bay Fair TOD/Development Plan: EIR capacity of about 5,000 units, roughly 500 multifamily units approved, active re-plan through 2027. City of San Leandro
- Planned
Bayfair Center adaptive reuse. City of San Leandro
The numbers
- Median price
- ~San Leandro proxy (no ZIP median this run)
- 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
- $850–1,200/mo per bed
- ADU rent band
- $1,900–2,400/mo
- Whole-home rent band
- 2bd $2,300 / 3bd $2,800 whole-home
- Underwriting vacancy
- 5% underwriting vacancy
- Appreciation scenarios
- 1.5 / 3.0 / 4.0 %/yr (conservative / base / upside)
Mostly 1950s–60s stock. Appreciation basis: Two-line BART; plan capacity runs well ahead of approved construction; mid capex. Rent bands are city-level medians; confirm the specific parcel before trusting any of them. Run your own scenario in the calculator.
Buildings we underwrote in 94578
7 buildings in 94578 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 |
|---|---|---|
| 16701 Liberty St 2 units · $624,000 | −$207,138 S&P 500 | Underwritten — the index wins at our defaults |
| 15291-15293 Central Ave 2 units · $799,000 | −$468,154 S&P 500 | Underwritten — the index wins at our defaults |
| 1603 Graham Way 2 units · $849,000 | −$579,657 S&P 500 | Underwritten — the index wins at our defaults |
| 1940 Placer Dr 2 units · $898,888 | −$654,014 S&P 500 | Underwritten — the index wins at our defaults |
| 1315 135th Ave 2 units · $1,040,000 | −$758,738 S&P 500 | Underwritten — the index wins at our defaults |
| 1578 166th Ave 2 units · $1,450,000 | −$1,104,419 S&P 500 | Underwritten — the index wins at our defaults |
| 1395 139th Ave 2 units · $1,688,888 | −$1,550,305 S&P 500 | Underwritten — the index wins at our defaults |
The full board shows every region's current week; this table is every record we hold for 94578, newest basis first.
The house-hack angle
SFH room rentals and ADU adds near the two-line transfer; the TOD plan's 5,000-unit EIR capacity raises the long-run ceiling while approved construction stays modest.
What breaks it
- The re-plan runs through 2027: the EIR capacity is still a plan
- Approved construction (~500 units) is a fraction of the 5,000-unit ceiling
- City-proxy rents: re-comp at the property level