21501-21599 Westpark St - Apartments FOR SALE


Hayward, CA 94541- Longwood- Winton Grove
$6,575,000 USD
510-599-4410
21501-21599 Westpark St, Hayward, CA for Sale
$6,575,000 USD
Apartments - FOR SALE
1/10
null | 6.51% Cap Rate

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


HIGHLIGHTS

  • 24-unit multifamily community in Hayward offered at $6,575,000 ($273,958 per unit).
  • Convenient access to BART, Interstate 880, Interstate 92, major employers, shopping, dining, and Bay Area transportation corridors.
  • Strong 96% physical occupancy providing immediate income.
  • All units individually metered for water, electricity, and gas.
  • Current cap rate of 6.51% with projected 7.52% pro forma cap rate.
  • Call listing brokers for more information.

OVERVIEW

21501 Westpark Street is a 24-unit multifamily investment opportunity located in the Longwood-Winton Grove neighborhood of Hayward, California. Offered at $6,575,000, the property consists of 20,605 square feet on a 0.88-acre parcel and maintains a strong 96% physical occupancy rate, providing immediate cash flow. The asset features a highly desirable unit mix, with a majority of townhouse-style floor plans offering one-and-a-half bathrooms and an average unit size of approximately 859 square feet. All units are individually metered for water, electricity, and gas, reducing landlord utility obligations and supporting operational efficiency. Current rents are reported to be approximately 10% below market, creating a compelling value-add opportunity with an in-place cap rate of 6.51%%. Positioned near Interstate 880, Interstate 92, BART transit, major employment centers, and regional shopping destinations, the property benefits from strong tenant demand and long-term investment appeal.

FOR SALE DETAILS

PRICE

$6,575,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

24

PRICE/UNIT

$273,958

CAP RATE

6.51%

% 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

RM

APN/PARCEL ID

432-0028-161-00

ASK ABOUT THIS PROPERTY

Adam RichardsonMarcus & MillichapMore Info
510-599-4410

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Adam RichardsonMarcus & MillichapMore Info
510-599-4410

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