If your looking for a home that will hold it's value better, I would stick with a classic home in a great neighborhood.
The area around the Bayfair Bart Station is transitional at best.
You may consider neighborhoods where the homes have become classic and will be desirable later on.
Estudillo Estate, The Broadmoor and Bay-O-Vista homes will continue to remain desirable and there for retain value in the grand scheme of any economy.
Better Homes and Gardens
Are you looking to live in the home or is this a strict investment that you will rent out? There has been a development project of the Bay Fair Station in the planning stages for some time. I checked on San Leandro's web site and the last reference I could see to it was in 2007: http://www.ci.san-leandro.ca.us/news/citynews2007wi.pdf
You can also learn more about San Leandro neighborhoods by checking out the City of San Leandro's website neighborhood page at http://www.ci.san-leandro.ca.us/newsneighborhood.html
When looking to buy an investment it is very important to keep your budget in mind, research the areas of interest and clearly define what you want and don't want in a home.
The area is primarily flat. Here is a link to a Google Map that shows the terrain of the area: http://maps.google.com/maps?ie=UTF-8&q=bay+fair+station&
If you have any other questions or would like help finding a home, feel free to contact me.
Alain Pinel Realtors
Visit my blog Real Estate News Without the Schmooze athttp:// http://www.NoSchmooze.com