Price Reduced Listing
Description
Price Improvement! Casa Bret Harte presents an attractive 17-unit multifamily investment opportunity in Hayward. The property features fifteen spacious 2-bedroom/1.5-bath units and two 1-bedroom/1-bath units, private decks, 24 on-site parking spaces, an elevator, and a coin-operated laundry facility. Significant capital improvements have been completed recently, enhancing the property and reducing near-term capital needs. Currently 15 units are occupied, with two vacant units offering immediate leasing potential. Approximately 18,650 square feet of building area, together with meaningful rental upside, provides an opportunity to increase income while acquiring a substantial East Bay apartment asset. 6.53% Cap rate/10.73 GRM on current rents, over 8% cap rate/9.29 GRM on market rents. Rent roll, profit and loss, and other financials in disclosure link.
Details
| MLS # | 41142913 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 96 |
| Listing Provided By | Alliance Bay Realty | Joseph Silva |
Features
| Units | 17 |
|---|---|
| Acreage | 0.50 |
Interior
| Cooling | None |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Taxes
| Property | 57647 |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Hayward |
| Zip Code | 94541 |
| Community Name | HAYWARD |
| Listing VS Median (in HAYWARD) | |
Price: $4,500,000 low | high Med: $725,000 On site: 96 low | high Med: 66 | |
Market Activity 94541
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Hayward |
| Zip Code | 94541 |
| Community Name | HAYWARD |
| Listing VS Median (in HAYWARD) | |
Price: $4,500,000 low | high Med: $725,000 On site: 96 low | high Med: 66 | |
 | $4,325,000944 Walpert StHayward, CA 94541 |