225 Chumalia St San Leandro, CA 94577
Old San Leandro NeighborhoodAbout This Home
Sold together or separately, 225 & 243 Chumalia Street, two individually parceled, contiguous 7-unit buildings totaling 14 units in the heart of the Old San Leandro neighborhood. The property offers exceptional commuter connectivity, with immediate access to multiple bus lines, major transportation corridors, and the San Leandro BART station less than half a mile away - all providing residents seamless access to the greater Bay Area. The properties are further supported by their position within a dense concentration of high-growth industries, including healthcare, innovation infrastructure, and life sciences, among the fastest growing employment clusters in the broader regional ecosystem, complemented by San Leandro's robust and diversified local economy. Underpinned by strong in-place cash flow and over 19% in potential rental upside through natural unit turnover, 225 & 243Chumalia Street represent a compelling value-add opportunity with durable, long-term demand fundamentals. Though San Leandro has recently adopted Ordinance No. 2026- 001, capping annual increases at the lesser of 3% or 65% of CPI effective January 1, 2027, the property offers a rare combination of stable day-one cash flow with a clearly defined path to long-term appreciation, reinforced by robust market fundamentals and durable tenant demand.
Property Details
Home Type
- Multi-Family
Lot Details
- 14,810 Sq Ft Lot
Home Design
Community Details
- 14 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,348 | $1,203,132 | $300,323 | $902,809 |
| 2024 | $18,348 | $1,179,546 | $294,436 | $885,110 |
| 2023 | $18,035 | $1,156,422 | $288,663 | $867,759 |
| 2022 | $17,529 | $1,133,749 | $283,004 | $850,745 |
| 2021 | $16,840 | $1,111,528 | $277,457 | $834,071 |
| 2020 | $16,329 | $1,104,733 | $274,613 | $830,120 |
| 2019 | $15,874 | $1,083,169 | $269,230 | $813,939 |
| 2018 | $15,521 | $1,062,028 | $263,953 | $798,075 |
| 2017 | $15,182 | $1,041,357 | $258,778 | $782,579 |
| 2016 | $14,449 | $1,021,030 | $253,704 | $767,326 |
| 2015 | $14,187 | $1,005,769 | $249,895 | $755,874 |
| 2014 | $14,049 | $986,159 | $245,000 | $741,159 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $3,200,000 | -- | -- |
Source: San Francisco Association of REALTORS®
MLS Number: 426114844
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