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Key Details
Sold Price $4,550,000
Property Type Commercial
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 18,092 sqft
Price per Sqft $251
Subdivision Cherryland
MLS Listing ID 41027996
Sold Date 08/18/23
HOA Y/N No
Year Built 1963
Lot Size 1.373 Acres
Acres 1.36
Property Description
WOW! Excellent Investment Opportunity! Rarely available with a fantastic layout and unit mix! 2-SF Homes (3 bed / 1.5 bath and a 2 bed / 1 bath) / 1-Duplex (3 bed / 1 bath and 2 bed / 1 bath With garage) / 1- unit above garages (2 bed / 1 bath) / 5 cottage units (ALL 2 bed / 1 bath With garage and covered parking) / 8 townhouse units (ALL 2 bed / 1.5 bath with garage). 18 units total on a 59,829 sq ft. / 1.37 Acre!! Huge upside potential. Raise rents through attrition and updating of units. Institute a RUBS program. Bring this current 5% cap property to 7.95% or more!!! Excellent central location in Hayward (known as 'The Heart of the Bay'). Unincorporated Alameda County. Minutes to 880, 92, 580, BART, shopping and dining!
Location
State CA
County Alameda
Area Hayward
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Linoleum, Partial Carpeting, Tile, Vinyl, Carpet
Fireplace No
Appliance Free-Standing Range, Refrigerator, Gas Water Heater
Exterior
Utilities Available All Public Utilities, Cable Available, Natural Gas Connected, Individual Electric Meter
Total Parking Spaces 40
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 43212113
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with JonAhern