24039 Park St - Apartments FOR SALE


Hayward, CA 94541
$3,650,000 USD
510-433-5816
24039 Park St, Hayward, CA for Sale
$3,650,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

24039 Park St
Hayward, CA 94541


HIGHLIGHTS

  • Under 1 mile from Downtown Hayward & BART
  • On-site laundry facility
  • Ample on-site parking
  • Private spacious backyards in all units

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

16

PRICE/UNIT

$228,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,253 SF

ZONING

RM

APN/PARCEL ID

431-0056-045-00,431-0056-047-00

ASK ABOUT THIS PROPERTY

Ryan RodriguezColliersMore Info
510-433-5816

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Ryan RodriguezColliersMore Info
510-433-5816

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