21501-21599 Westpark St - Apartments FOR SALE


Hayward, CA 94541- Longwood- Winton Grove
$6,700,000 USD
510-599-4410
21501-21599 Westpark St, Hayward, CA for Sale
$6,700,000 USD
Apartments - FOR SALE
1/17
null | 6.05% Cap Rate

21501-21599 Westpark St
Hayward, CA 94541
Longwood- Winton Grove


HIGHLIGHTS

  • Majority Townhouse Style with in-unit Washer/Dryer

OVERVIEW

Value-Add 24-Unit Townhome Community | Re-Parcelling Upside | Strong Rent Growth Built-In Rare opportunity to acquire a 24-unit multifamily asset in the heart of Hayward, uniquely configured as eight triplex buildings on a single parcel. This distinctive layout presents a compelling value-add and exit strategy, including the potential to re-parcel and resell individual triplexes, creating multiple profit centers for an investor or developer (Buyer to Verify). The property features a highly desirable, family-oriented unit mix of six (6) 1BD/1BA units, thirteen (13) 2BD/1.5BA townhouse-style units, and five (5) 3BD/1.5BA townhouse-style units. The larger units are especially attractive to long-term tenants and include in-unit washer and dryers in all 2- and 3-bedroom residences, enhancing tenant retention and rental premiums. From an income perspective, the asset offers immediate and sustained upside with four (4) banked rent increases, allowing a new owner to implement 10% annual rent growth over the next four years (subject to local regulations), providing a clear path to revenue expansion and NOI growth. This is a rare chance to acquire a scalable investment with both operational upside and a strategic resale angle—ideal for investors seeking yield today and optionality tomorrow.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

24

PRICE/UNIT

$279,167

CAP RATE

6.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,315 SF

ZONING

-

APN/PARCEL ID

432-0028-161-00

ASK ABOUT THIS PROPERTY

Adam RichardsonMarcus & MillichapMore Info
510-599-4410

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

Adam RichardsonMarcus & MillichapMore Info
510-599-4410

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