$3,595,000

Multi Family In Hayward

  • 9,877 Sqft
  • 34,500 Sqft lot
  • Updated: Yesterday
  • Source:
    bridgeMLS  MLS#ML82049141

About the Property

7.00% Cap Rate property on two parcels in unincorporated Hayward. 12-unit asset across two parcels consisting of nine single-story buildings delivering a low-density, residential feel that drives long-term tenant retention. Meticulously maintained and owner-managed for 30+ years. The unit mix includes (1) 3BD/2BA SFR, (3) 3BD/2BA, (2) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA, capturing demand from fa
7.00% Cap Rate property on two parcels in unincorporated Hayward. 12-unit asset across two parcels consisting of nine single-story buildings delivering a low-density, residential feel that drives long-term tenant retention. Meticulously maintained and owner-managed for 30+ years. The unit mix includes (1) 3BD/2BA SFR, (3) 3BD/2BA, (2) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA, capturing demand from families to professionals. All units feature private patios, in-unit W/D hookups, individual water heaters, and separate gas and electric metering. A Livability bill-back program is in place and 37 parking spaces (14 tandem + 9 single) are included. Capital improvements include roofs replaced within the last two years, a new sewer main, newer asphalt, updated subpanels in select units, and double-pane windows throughout. Select units have been renovated with updated baths, new countertops, and marble flooring, with additional upside remaining through continued modernization. 10 of 12 units are eligible for rent increases, offering an immediate path to stronger cash flow. The rear of the site presents ADU development potential under current California legislation, providing an opportunity to expand income and asset value without acquiring new land.
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  • Property type

    Other

  • Year built

    1957

  • Price/sqft

    $363

Features

  • Renovated
  • Washer Dryer
  • Investment Property
  • Parking

Explore the Area

19465 Meekland Avenue, Hayward, California, United States View on Google Maps
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Compass

Joined 11 months ago
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Compass
California, United States
View agency profile
13
Listings
2025
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Compass
California, United States
View agency profile
Last updated
Yesterday
First listed
May 30
Listing reference
ML82049141
Listing status
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