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Listed by Joseph Silva, DRE #02046259 • Alliance Bay Realty
$ 4,750,000
Est. payment | /mo
3 Beds
2 Baths
18,650 SqFt
$ 4,750,000
Est. payment | /mo
3 Beds
2 Baths
18,650 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 18,650 sqft
Price per Sqft $254
MLS Listing ID BE41142913
Bedrooms 3
Year Built 1965
Lot Size 0.499 Acres
Property Sub-Type Five or More Units
Source Bay East
Property Description
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. 5.81% Cap rate/11.75 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.
Location
State CA
County Alameda
Area Hayward
Interior
Heating Electric
Cooling None
Flooring Carpet - Wall to Wall
Laundry Laundry Facility - Coin-Op
Exterior
Garage Spaces 24.0
Building
Lot Description Regular
Others
Tax ID 427-1-38
Special Listing Condition New, Not Applicable
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