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Listed by Ray Rodriguez • Compass
$ 3,595,000
Est. payment | /mo
9,877 SqFt
$ 3,595,000
Est. payment | /mo
9,877 SqFt
Open House
Thu Jun 04, 2:00pm - 3:30pm
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,877 sqft
Price per Sqft $363
MLS Listing ID ML82049141
HOA Y/N No
Year Built 1957
Lot Size 0.792 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
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.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Other
Flooring Laminate, Tile
Fireplace No
Window Features Double Pane Windows
Exterior
Handicap Access Other
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