257 Poplar Ave - Apartments FOR SALE


Hayward, CA 94541- Cherryland | 
$3,910,000 USD
925-322-1474
257 Poplar Ave, Hayward, CA for Sale
$3,910,000 USD
Apartments - FOR SALE
1/28
null | 6.67% Cap Rate

257 Poplar Ave
Hayward, CA 94541
Cherryland


HIGHLIGHTS

  • Extremely well-maintained, SB 721 compliant 12-unit apartment community.
  • Over $125,000 in recent updates with fresh exterior paint, upgraded balconies and railings.
  • Offers owned solar for the master electric.

OVERVIEW

POPLAR GARDEN IS AN 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 AND RAILINGS. • 257 POPLAR AVE PROVIDES STRONG IN-PLACE INCOME WITH IMMEDIATE UPSIDE AND ADDITIONAL GROWTH AND ITS STRATEGIC LOCATION OFFERS WALKABLE ACCESS TO HAYWARD BART, NEARBY RETAIL AMENITIES, SCHOOLS, AND MAJOR EMPLOYMENT CENTERS ACROSS THE BAY AREA. WITH LOCAL HOMEOWNERSHIP COSTS REMAINING OUT OF REACH FOR MANY HOUSEHOLDS, THE AREA BENEFITS FROM A ROBUST AND STABLE TENANT BASE.

FOR SALE DETAILS

PRICE

$3,910,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

12

PRICE/UNIT

$325,833

CAP RATE

6.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Poplar Garden

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

0.56 AC

LAND SF

24,600 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

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

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

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