341-345 Medford Ave, Hayward, CA 94541
7 Unit Apartment Building | $2,400,000 ($342,857/Unit) | 4.85% Cap Rate | Hayward, CA 94541
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $2,400,000
- Property Type
-
Multifamily
- Square Feet
- 4,080 SF
Listing Contacts
Victoria Beliso
Verified Profile
- Property Info
Property Overview
Built in 1989, this 6 unit townhome-style property is truly unique as there's a private driveway leading to 3 detached buildings on an expansive near half acre lot. With only 2 units per building and no adjoining walls, this property offers a true sense of privacy. Each unit includes the living area upstairs and a private two car garage below, plus their own yards. All units are individually metered and include a spacious living area with fireplace, 1 bedroom, full size bath, washer/dryer hook-ups, private entry, and balcony. The kitchen comes equipped with an electric range, dishwasher, refrigerator, sink with garbage disposal, and plenty of cabinets. Plus, there's a bonus 7th unit (manager's office). All units are currently rented well below market value on a month-to-month basis making this the perfect value add opportunity for an investor. Not to mention, only Statewide Rent Control applies. Vacancy is very low due to the location and uniqueness of this property. Less than 1 mile from Hayward BART and easy access to 580, 880, and San Mateo-Hayward Bridge, makes this is a commuter's dream. Located in the up and coming Cherryland neighborhood near dining, shopping, and entertainment as well as CSU East Bay, Chabot College, Mills College, and major employers of the Bay Area.
Property Details
- Class
- C
- Year Built
- 1989
- Stories
- 2
- Lot Size (sq. ft)
- 19,166 SF
- Units
- 7
Highlights
- 3 Detached Buildings with 6, 1 Bedroom Townhome-Style Apartments
- All Apartments Include Private 2 Car Garage, Entrance, Balcony, Backyard, and No Shared Walls Except the Garage
- Each Apartment Offers a Refrigerator, Electric Range, Disposal, Dishwasher, and Washer/Dryer Hook-Ups
- Bonus 7th Unit (Manager's Office)
- All Units are Individually Metered
- All Leases are Month-to-Month and Current Rents are about 30% Below Market Value
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