Exceptional development opportunity in a desirable Castro Valley location surrounded by newly built multimillion-dollar homes! This approximately ½-acre+ vacant parcel offers an exciting opportunity for a builder, investor, or future homeowner. The property features beautiful Bay and valley views and may have the potential to be subdivided into as many as three separate lots. Drawings and site plans for three homes are available, and utilities have already been brought to the lot line. With impressive newer homes being built throughout this small development, the property offers multiple possibilities—build a spectacular custom home on a large lot or explore subdividing the parcel and developing multiple residences. Conveniently located near freeway access, shopping, schools, restaurants, and other amenities, while offering the space, views, and residential setting that make the Castro Valley hills so desirable. A rare opportunity to acquire approximately half an acre in an area experiencing significant new-home investment and development. Buyer to investigate and verify subdivision potential, zoning, allowable density, utilities, building requirements, and all development possibilities with the appropriate agencies.
Vacant landProperty Type
0.52 acresLot Size
$2,471,154Price/Acres
Listed by Bob Frey•DRE #01324680• RE/MAX Accord
Listed by Kailani Frey Breitinger•DRE #02137730• RE/MAX Accord
East, located between Lake Chabot Regional Park and the Castro Valley BART station, is a residential and hillside Castro Valley neighborhood with winding streets and broad bay-facing views. The neighborhood’s character concentrates around the Castro Valley Boulevard and Redwood Road corridor, where independent cafes, taquerias, and small storefronts set a steady, local rhythm. Architectural lines mix mid-century ranch homes with split-levels and newer infill on sloped lots. Lake Chabot’s trails and shoreline pull daily routines outdoors, while nearby school and civic campuses anchor the weekday pace. Evening activity often shifts to casual dining and live-music nights at local mainstays. The terrain and tree cover give many blocks a tucked-away feel without feeling remote.
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Premium lot
Mostly level terrain
Paved road access
Private road and easement frontage
Home design
Unimproved land (vacant lot)
Zoned residential
Construction
Unimproved — no structures on site
Utilities
Public water available
Public sewer available
Electricity connected
Natural gas connected
Water connected
Sewer on site
Sale and tax history for 4980 Jensen Rd
Sale History
Tax History
Date
Event
Price
bridgeMLS, Bay East AOR, or Contra Costa AOR #41145085
Aug 14, 2026
Listed
$1,285,000
bridgeMLS, Bay East AOR, or Contra Costa AOR #41141298
Aug 11, 2026
Listing Removed
—
Jul 10, 2026
Coming Soon
*
bridgeMLS, Bay East AOR, or Contra Costa AOR #41000295
Nov 7, 2022
Sold
$2,150,000
Sep 21, 2022
Pending
—
Aug 17, 2022
Price Changed
$2,050,000
Jul 5, 2022
Listed
$2,150,000
At every step. In every room. You’ll find luxury features sure to help elevate everything from your weekday morning coffee to your weekend dinner party. Primary bedroom suite boasts fireplace, lounge niche, XL walk-in closet, spa-quality en suite w/ jet tub, remote access sunroof, dual vanity, walk-in shower. 2 additional bedroom suites & a 4th bedroom downstairs perfect for home office. Main living space incl. foyer, living room, dining room, family room w/ fireplace, informal dining room. Hardwood floors throughout, recessed lighting, oversized windows with views of the Bay, custom staircase rail, high ceilings throughout. Chef’s kitchen w/ quartz counters, island/breakfast bar, dry bar, all high-quality appliances (plus built-in wine fridge!). Yard incl. XL patio w/ pergola for shade, trees, garden space, drought-resistant succulents. 2-car garage, separate 2-car driveway, large laundry room with sink and cabinets. Located in Castro Valley. Close to freeway access
bridgeMLS, Bay East AOR, or Contra Costa AOR #40982920
May 11, 2022
Listing Removed
—
Feb 28, 2022
Listed
*
bridgeMLS, Bay East AOR, or Contra Costa AOR #40850647
Jul 30, 2019
Sold
$1,500,000
Jun 27, 2019
Pending
—
May 9, 2019
Price Changed
$1,600,000
Apr 8, 2019
Price Changed
$1,700,000
Jan 21, 2019
Listed
$1,799,900
bridgeMLS, Bay East AOR, or Contra Costa AOR #40824840
Nov 28, 2018
Listing Removed
—
Aug 20, 2018
Price Changed
*
Jun 6, 2018
Listed
*
bridgeMLS, Bay East AOR, or Contra Costa AOR #40817514
May 31, 2018
Listing Removed
—
Apr 13, 2018
Listed
*
Year
Property tax
Land + Additions
Assessment*
2025
$27,264 (+2.1%)
$671,058 + $1,565,802
$2,236,860
2024
$26,692 (+1.4%)
$671,058 + $1,565,802
$2,236,860
2023
$26,318 (+37.9%)
$657,900 + $1,535,100
$2,193,000
2022
$19,083 (+2.6%)
$463,752 + $1,082,088
$1,545,840
2021
$18,605 (+2.2%)
$463,752 + $1,082,088
$1,545,840
2020
$18,201 (+2.8%)
$454,662 + $1,060,878
$1,515,540
2019
$17,697
$450,000 + $1,050,000
$1,500,000
Public record
Public record
Zoning
Permits
Beds
4
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
2018
Finished Sq. Ft.
3,843
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,843
Year built
2018
Style
Single Family Residential
County
Alameda County
APN
085 545005100
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
PD
Planned Development District
Planned development districts, hereinafter designated as PD districts, are established to encourage the arrangement of a compatible variety of uses on suitable lands in such a manner that the resulting development will: be in accord with the policies of the General Plan of the county; provide efficient use of the land that includes preservation of significant open areas and natural and topographic landscape features with minimum alteration of natural land forms; provide an environment that will encourage the use of common open areas for neighborhood or community activities and other amenities; be compatible with and enhance the development of the general area; and create an attractive, efficient and safe environment.
Jan 12, 2024 • Active
Grading
Grade a building pad for a single-family home and an accessory dwelling unit.
Grading
Mar 6, 2023 • Final
Building
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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