1049 Armstrong St - Apartments FOR SALE


Hayward, CA 94541- Downtown Hayward
$4,750,000 USD
510-909-0007
1049 Armstrong St, Hayward, CA for Sale
$4,750,000 USD
Apartments - FOR SALE
1/41
null | 5.81% Cap Rate

1049 Armstrong St
Hayward, CA 94541
Downtown Hayward


HIGHLIGHTS

  • Plentiful Parking
  • Large Units
  • Downtown Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

17

PRICE/UNIT

$279,412

CAP RATE

5.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Bret Harte Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,185 SF

ZONING

-

APN/PARCEL ID

427-0001-038-00

ASK ABOUT THIS PROPERTY

Joe SilvaSilva Rental PropertiesMore Info
510-909-0007

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Joe SilvaSilva Rental PropertiesMore Info
510-909-0007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.