1064 E Street, Hayward, CA 94541

$4,750,000

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Listed by Joseph Silva, (510) 909-0007 from Alliance Bay Realty
(If provided) CoList: Angela Aguilar from ALLIANCE BAY REALTY

List Price
$4,750,000
MLS#
BE41142913
Status
ACTIVE
Lot Size
21,750
Listing Area
Hayward
Year Built
1965

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.

Additional Information

Acres
0.50
Amenities
Balcony/Patio, Elevator(s)/Lift(s)
Cooling System
None
Floor Covering
Carpet - Wall to Wall
Heating System
Electric
Laundry Facilities
Laundry Facility - Coin-Op
Lot Description
Regular
Lot Size
21,750
Neighborhood
Hayward
Numberof Units
17
Unincorporated Yn
Yes

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