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24981397
24981420

24598 Sybil Ave, Hayward, CA 94542

MA
CA DRE Lic#01978236
CJ
CA 01446257, CA
Coldwell Banker Residential Brokerage Northern California
Listed by Coldwell Banker Residential Brokerage Northern California
$3,995,000
320 days on market
Updated 5 days ago

24586-24598 Sybil Ave, Hayward, Ca 94542

Details
APN 445-0150-009, 445-0150-100
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,800
Net Rentable (SqFt) 9,800
Units 14
Cap Rate 5.11%
NOI $204,001
Occupancy 100%
Tenancy Multi
Price per SqFt $408
Year Built 1961
Buildings 2
Stories 2
Lot Size (SqFt) 33,100
Zoning MBCN
Parking Spaces spaces
Investment Type Stabilized

Multifamily | 14 Units | $285,357/unit

Marketing description

Prime Investment Opportunity, 14-Unit Apartment Complex Near Cal State East Bay, in the heart of downtown Hayward. The property highlights include, 14 Total Units, all 2 Bed / 1 Bath, ideal for long-term tenants and student housing, all Separately Metered for Electric & Gas. On site two coin-operated laundry facilities, plentiful on-site parking, shared backyard amenities with a courtyard & BBQ area. The buildings' exteriors were recently painted. Convenient location, just 1 mile from Cal State University East Bay, 1 mile to Downtown Hayward, easy access to shopping, dining, parks, BART Station, and public transit. Close to Hwy 92, I-880, I-580, San Mateo Bridge, and Dumbarton Bridge. Employment and economic drivers nearby include Cal State University East Bay, Hayward Unified School District, Chabot College, St. Rose Hospital, Alameda County, Illumina, Impax Laboratories, Pentagon Technologies, Plastikon Industries, Ultra Clean Technology, Kaiser Permanente. Redevelopment Potential with it being located within the Mission Blvd Corridor Neighborhood (MBCN) Specific Plan Area, this property offers mixed-use possibilities and potential to double the number of units under current zoning. Investors and developers will appreciate the upside potential in a rapidly growing corridor.

Listing Contacts

MA
CA DRE Lic#01978236
CJ
CA 01446257, CA
Coldwell Banker Residential Brokerage Northern California
Listed by Coldwell Banker Residential Brokerage Northern California

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$204,001.00
$17,000.08/mo

Valuation Metrics

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DSCR
5.11%
Cap Rate
5.11%
ROI

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