257 Poplar Ave - Apartments FOR SALE


Hayward, CA 94541- Cherryland
$4,300,000 USD
925-322-1474
257 Poplar Ave, Hayward, CA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/18
null | 5.8% Cap Rate

257 Poplar Ave
Hayward, CA 94541
Cherryland


HIGHLIGHTS

  • TURNKEY GARDEN APARTMENTS
  • UPGRADED BALCONIES & RAILINGS - SB721 COMPLIANT
  • OWNED SOLAR
  • ONSITE LAUNDRY & STORAGE
  • CARPORT PARKING

OVERVIEW

257 POPLAR AVE IS A TURNKEY; EXTREMELY WELL-MAINTAINED SB 721 COMPLIANT 12-UNIT APARTMENT COMMUNITY LOCATED IN UNINCORPORATED HAYWARD WITHIN THE HIGH-DEMAND EAST BAY RENTAL MARKET. BUILT IN 1974, THE PROPERTY SITS ON A GENEROUS 24,600 SF LOT (.56 ACRES) AND INCLUDES 13,397 SF OF BUILDING AREA WITH A BALANCED MIX OF 1-, 2-, AND 3- BEDROOM FLOOR PLANS WITH SHARED LAUNDRY... THE PROPERTY ALSO OFFERS OWNED SOLAR FOR THE MASTER ELECTRIC. OVER $125,000 IN RECENT UPDATES WITH FRESH EXTERIOR PAINT, UPGRADED BALCONIES & RAILINGS. CONTACT LB FOR ADDITIONAL INFO

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

12

PRICE/UNIT

$358,333

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,781 SF

ZONING

RSD20, Alameda Cnty

APN/PARCEL ID

429-0091-043-02

ASK ABOUT THIS PROPERTY

Ted Booras, CCIMUnited Apartment GroupMore Info
925-322-1474

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Ted Booras, CCIMUnited Apartment GroupMore Info
925-322-1474

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