Colliers is pleased to present 24039 & 24041-24049 Park St in the vibrant Burbank neighborhood of Hayward. Nestled near major highway arteries such as I-580 & I-238, I-880, and CA-92 the property benefits from easy access to the Silicon Valley, Peninsula, San Francisco, and Downtown Oakland. The neighborhood is close to Downtown Hayward, home to myriad of high-end dining, entertainment, shopping options in the area.
24039 & 24041-24049 Park Street is a low-rise apartment community built in 1958 & 1961. The property consists of (10) 1-Bedroom / 1 Bathroom units, (5) 2-Bedroom / 1 Bathroom units and (1) 3 bedroom / 1.5 bathroom unit. The apartments feature carpet & vinyl flooring,
modern wood cabinetry and tremendous natural light from the large windows. The buildings have uncovered parking spaces for tenants and guests. Property amenities include on-site laundry and private backyard space in each unit.
Living at 24039 & 24041-24039 Park St provides residents with a plethora of amenities and entertainment options. Cinemark Century at Hayward, is just a 4-minute drive away and residents can shop at Lucky Grocery Store. While local eateries include Acqua e Farina, Buffalo Bill’s Brewery, Khao Hom, The Bistro and others provide plethora of eating options. Hayward BART station is just under a mile and provides convenient access to Downtown Oakland & San Francisco.
This is an ideal opportunity for an owner/user or an investor to purchase a well-located apartment property with income upside realized through unit renovations.
OFFERING SUMMARY
In Place Cap of 5.56%
$335 Per SF
$228,125 Per Unit
Offered at $3,650,000