7%+ pro forma cap rate on already achieved rents! Amazing opportunity to own an institutional quality 57-unit apt. building in the heart of the San Francisco Bay Area. Approx. half of units have been renovated. Many units have stunning view of the Bay and surrounding areas. Incredibly strong fundamentals with sub 4% vacancy and explosive rent growth of 15+% over the last 18 months in Hayward.
Multi-familyProperty Type
1961Year Built
3.15 acresLot Size
$290Price/Sq.Ft.
Listed by Carlos Azucena•DRE #01738155• Marcus & Millichap
Contact: (650) 391-1746
Bought with RECIP RECIP•DRE #00000000• Out of Area Office
bridgeMLS, Bay East AOR, or Contra Costa AOR #40677040
Dec 22, 2014
Sold
$10,250,000
$290/sq ft
Oct 9, 2014
Listed
$10,250,000
$290/sq ft
+4
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Alameda County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 22, 2017.
RS
Suburban Residence Districts
Suburban residence districts, hereinafter designated as R-S districts, are established to regulate and control the development in appropriate areas of relatively large building sites at various densities in harmony with the character of existing or proposed development in the neighborhood, and to assure the provision of light, air and privacy, and the maintenance of usable open space in amounts appropriate to the specific types and numbers of dwellings permitted. Adherence to a specified site development review plan is required for the disposition of buildings, the relationship between living areas and those needed for vehicular access, circulation and parking in order to assure the optimum utilization of the building site.
Permitted uses
Include but are not limited to:
Agriculture-Other
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Agriculture-Cropland
Agriculture-Grove / orchard / vineyard
Property details
Parking
Parking Information
Parking Description: Private/Exclusive, Spaces per Unit (>1), Uncovered Parking