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,… Read More 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. Read Less
Courtesy of Compass, Ray Rodriguez 650-405-0743
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
9,877
Lot Size
0.79 Acres
Year Built
1957
MLS Number
ML82049141
30 Days Snapshot Of 94541
$1.03M
+8%
(avg) sold price
5
0%
homes sold
47
+193%
(avg) days on market
Snapshot
Area Map
Additional Details
Property
Zoning: RS D3
Lot
Max Area: 34500.00, Max Area Units: Square Feet, Paved, Lot is 0.79201101928375 acres
Accessibility Features
Other
Amenities
Misc. amenities: Other
Unit One
Rent: $2,700, 3 bedrooms
Unit Two
Rent: $2,900, bedrooms: 3
Unit Three
Rent: $2,520, bedrooms: 2
Unit Four
Rent: $2,368, 2 bedrooms
Building
9,877 structure square feet, Age: 69, Built in 1957, 9 buildings, Construction type: Wood Frame, 12 minimum units in complex
Cooling
Other
Floors
Laminate, Tile
Foundation
Concrete Slab, Crawl Space
Garage
Tandem Parking, Uncovered Parking
Water Features
Private / Mutual
Heating
Wall Furnace
Kitchen
Oven Range - Gas
Laundry
Hookups Only
Tenant Pays
Utilities - Electric, Utilities - Gas, Other
Miscellaneous
Total expenses: 107984
Energy Saving
Double Pane Windows
Parking
37 parking spaces
Roof
Flat / Low Pitch, Wood Shakes / Shingles
Security Features
Other
Taxes
Annual tax amount: $42,723
Sewer
Sewer - Private
Utilities
Master Water, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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