# House Hacking in San Leandro (94578): A two-line BART transfer with 5,000-unit TOD capacity · The Rent Hacker

> San Leandro 94578 for house hackers: Bay Fair BART is the in-ZIP two-line (Orange/Blue) transfer, and the Bay Fair TOD/Development Plan carries an EIR capacit

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[East Bay guide](/house-hacking/east-bay/) · 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](https://www.sanleandro.org/348/Bay-Fair-TOD-Development-Plan)
    
-   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](/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](/property/rh-nnpcdd/16701-liberty-st/) 2 units · $624,000

−$207,138 S&P 500

Underwritten — the index wins at our defaults

[15291-15293 Central Ave](/property/rh-iiancc/15291-15293-central-ave/) 2 units · $799,000

−$468,154 S&P 500

Underwritten — the index wins at our defaults

[1603 Graham Way](/property/rh-8d0zke/1603-graham-way/) 2 units · $849,000

−$579,657 S&P 500

Underwritten — the index wins at our defaults

[1940 Placer Dr](/property/rh-p77kh5/1940-placer-dr/) 2 units · $898,888

−$654,014 S&P 500

Underwritten — the index wins at our defaults

[1315 135th Ave](/property/rh-0i4vzo/1315-135th-ave/) 2 units · $1,040,000

−$758,738 S&P 500

Underwritten — the index wins at our defaults

[1578 166th Ave](/property/rh-sp4c4c/1578-166th-ave/) 2 units · $1,450,000

−$1,104,419 S&P 500

Underwritten — the index wins at our defaults

[1395 139th Ave](/property/rh-spx6bf/1395-139th-ave/) 2 units · $1,688,888

−$1,550,305 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 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

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.