188 Laurel Ave - Apartments FOR SALE


Hayward, CA 94541- Cherryland
$1,895,000 USD
510-889-9157
188 Laurel Ave, Hayward, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

188 Laurel Ave
Hayward, CA 94541
Cherryland


HIGHLIGHTS

  • Upside rental potential
  • All 2 bedroom 1 bath townhouse style units

OVERVIEW

7 unit townhouse style apartment complex. Good upside rental income. The property offers seven 2 bedroom and 1 bath units. Built circa 1963, property has 5,670 sq. ft. of rental space on a large 16,600 sq. ft. rectangular shaped site. The most recent filled vacancy rented for $1,995 per month, there is presently one vacant unit which has been upgraded. The kitchens feature freestanding range/oven, fan/hood, some units have dishwashers and laundry hookups. The property has 15 open parking spaces at the rear of the site. Located in Unincorporated Alameda County in an area of multi-family and single family homes. Convenient to Downtown Hayward, BART and Interstate 880. Income and expenses shown are proforma rents. Insurance figure is actual with earthquake insurance included.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

7

PRICE/UNIT

$270,714

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laurel Avenue Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,601 SF

ZONING

-

APN/PARCEL ID

429-0091-063-00

ASK ABOUT THIS PROPERTY

Michael TanzilloMTC Commercial Real EstateMore Info
510-889-9157

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Michael TanzilloMTC Commercial Real EstateMore Info
510-889-9157

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