21462 Ocean View Dr - Apartments FOR SALE


Hayward, CA 94541- North Hayward
$1,575,000 USD
415-920-3795
21462 Ocean View Dr, Hayward, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/9
null | 6.75% Cap Rate

21462 Ocean View Dr
Hayward, CA 94541
North Hayward


HIGHLIGHTS

  • Cap Rate: 6.69% (10.03% Market),Gross Rent Multiplier: 9.86 (7.27 Market)
  • Located in the Cherryland area of Hayward which is unincorporated,Convenient location offers immediate access to all East Bay Freeways
  • Desirable unit mix with 5 two-bedroom units, 1 one-bedroom unit & 1 two-bedroom SFR, Low density with only 7 units on 0.34 acres (20 units per acre)

OVERVIEW

21462 Ocean View Drive is a 7-unit property sitting on a single parcel and spanning just over a third of an acre (0.34 acres). The property consists of three single story attached units (all two bedrooms), a two-story building consisting of three units (1 one bedroom and 2 two bedroom) and a two-bedroom single family residence at the rear of the property. The property was constructed in 1953 with wood framing and stucco exteriors. The property is located on Ocean View Drive in Hayward near the intersection with Grove Way. Ocean View Drive runs between two of Hayward's main thoroughfares, Foothill Boulevard and Mission Boulevard. Tenants benefit from a convenient location where they can easily access Downtown Hayward, Interstate 580 and two BART stations (Hayward & Castro Valley) within minutes.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

7

PRICE/UNIT

$225,000

CAP RATE

6.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

-

APN/PARCEL ID

414-0086-082-00

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.