Permit in process for second ADU. Welcome to a rare opportunity in the heart of downtown Pleasanton, two homes on one lot offering charm, flexibility, and major upside. The beautifully updated main home features wide plank wood flooring, recessed lighting, and a chef inspired kitchen that’s perfect for cooking and entertaining. The detached ADU has its own private entrance and full living quarters, ideal for guests, multigenerational living, or consistent rental income. But here’s where it gets exciting: SB 9 research is in progress to explore the possibility of a lot split, which could unlock even more potential. Whether you’re an investor looking to maximize returns, a homeowner seeking rental cash flow, or a visionary ready to develop a third dwelling, this property offers room to grow. All of this is located just minutes from top rated schools, shopping, dining, and commuter routes, blending downtown convenience with long term opportunity. Don’t miss your chance to own this Pleasanton gem with income potential and future development upside.
Listed by Brianna Armario
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License #01967027
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Keller Williams Tri-Valley
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brianna@armariohomes.com
Listed by DeAnna Armario
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License #01363180
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Keller Williams Tri-Valley
Last updated September 04, 2025
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Source: bridgeMLS #41105809
Listing Facts
TypeSingle-family
NeighborhoodDowntown Pleasanton
Bedrooms4
Bathrooms2
Days on Prevu49
Size1,375 sqft
Price per sqft$1,599
Amenities
Dishwasher
Washer/Dryer
Air Conditioning
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
07/23/2025
Listed by Keller Williams Tri-Valley
$2,199,000
Property Details for 1038 Division St
Exterior
Construction
Stories: 1
Year Built: 1890
Architectural Style: Cottage
Construction Materials: Stucco
Exterior Features: Back Yard, Front Yard
Features
Fencing: Wood
Measurements
Building Area Total: 1,375
Lot Features: 2 Houses / 1 Lot, Landscaped
Lot Size Acres: 0.32
Lot Size Area: 0
Lot Size Square Feet: 14,000
Lot Size Units: Acres
Financial
Taxes
Parcel Number: 941278
Interior
Features
Appliances: Dishwasher, Gas Range, Refrigerator, Dryer, Washer
Based on information from bridgeMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.