23914 2nd St - Apartments FOR SALE


Hayward, CA 94541- Fairview
$8,750,000 USD
415-625-2117
23914 2nd St, Hayward, CA for Sale
$8,750,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

23914 2nd St
Hayward, CA 94541
Fairview


HIGHLIGHTS

  • Secure gated community with covered gated parking and upgraded security camera system.
  • Unit mix of one, two, and three-bedroom units.
  • Laundry, EV charging, fitness center, BBQ grills, fire pit, additional storage, and outdoor courtyard.
  • Strategically positioned near major employment centers.
  • Separately metered for PG&E & Gas.

OVERVIEW

!!CONTACT JON HOLMQUIST AT 415-625-2117 FOR THE FULL OFFERING MEMORANDUM.!! The French Quarter Apartments is a highly remodeled 24-unit multifamily community in Hayward, California, featuring gated access, covered parking, EV charging stations, exquisite common areas, and a four-star ambiance. Built circa 1970, the property has benefited from substantial capital improvements, including extensive unit renovations with upgraded kitchens and bathrooms, quartz countertops, stainless steel appliances, refinished cabinetry, recessed lighting, vinyl plank flooring, dual-pane windows, walk-in closets, and modern interior finishes. Additional improvements include exterior stucco restoration, landscaping enhancements, a new fitness center, upgraded security systems, electrical infrastructure improvements, additional storage, SB721 compliance, seismic upgrades, and stairwell safety enhancements. With 16-remodeled units, 2-partially renovated units, and 6 vintage-style units, investors may unlock additional income potential in the strengthening East Bay rental market upon further turnover. The French Quarter offers a diverse unit mix, including 1-bedroom/1-bathroom, 2-bedroom/1-bathroom, 2-bedroom/1.5 bathroom, 2-bedroom/2-bathroom, and 3-bedroom/2-bathroom floor plans. Select units also feature private balconies, providing added appeal and comfort for residents.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

24

PRICE/UNIT

$364,583

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

French Quarter Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

-

APN/PARCEL ID

426-0200-009-01

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

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