21447-461 Ocean View Dr - Apartments FOR SALE


Hayward, CA 94541- North Hayward
$1,550,000 USD
415-920-3795
21447-461 Ocean View Dr, Hayward, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/7
null | 5.55% Cap Rate

21447-461 Ocean View Dr
Hayward, CA 94541
North Hayward


HIGHLIGHTS

  • Value Add
  • Ample Parking

OVERVIEW

21447 Ocean View Dr is an exceptional opportunity for investors seeking a true value-add multifamily asset with substantial upside. Situated in the dynamic East Bay submarket of unincorporated Hayward, the property combines large unit configurations, a generous lot size, and strong tenant demand, key fundamentals for long-term success. Hayward’s economy is dynamic and well-balanced, anchored by sectors such as manufacturing, education, healthcare, logistics, and technology. Major employers like California State University, East Bay, St. Rose Hospital, Gillig Corporation, and PepsiCo contribute to a strong and diverse employment base. The city’s central location in the East Bay provides convenient access to major job centers in Oakland, San Francisco, and Silicon Valley, connecting residents to one of the most robust labor markets in the country. Hayward’s proximity to regional transportation networks, research institutions, and universities continues to attract a skilled workforce and foster economic growth. This combination of local stability and regional connectivity supports steady housing demand and positions Hayward as an appealing market for both long-term residential and commercial real estate investment. 15

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

8

PRICE/UNIT

$193,750

CAP RATE

5.55%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R-3BE, Alameda Cnty.

APN/PARCEL ID

414-0081-072-00

ASK ABOUT THIS PROPERTY

Stephen JacksonMarcus & MillichapMore Info
415-920-3795

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Stephen JacksonMarcus & MillichapMore Info
415-920-3795

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