24656 ONeil Ave - Apartments FOR SALE


Hayward, CA 94544
$3,400,000 USD
650-492-0934
24656 ONeil Ave, Hayward, CA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/19
null | 5.43% Cap Rate

24656 ONeil Ave
Hayward, CA 94544


HIGHLIGHTS

  • Quaint Freestanding Cottage-Style Investment - Investors have the opportunity to acquire a freestanding 9-unit cottage-style apartment community.
  • The subject property is comprised of a duplex and seven individual cottage-style units, each with a private garage.
  • Tenants are responsible for all utility expenses allowing investors to streamline their financial management.
  • The subject properties offer prospective investors flexibility in their exit strategy, enabling them to sell the parcels individually or together.
  • The subject property is also located within walking distance to CSU East Bay (0.9 mi), making it highly attractive for student housing demand.

OVERVIEW

24656, 24658, 24680 & 24682 Oneil Ave is a stunning 9-unit cottage-style apartment community located in the thriving city of Hayward, California. Situated on four contiguous parcels of land totaling 37,850 square feet, the subject property was originally constructed in 1944, 1956 & 1957 and has a gross building area of approximately 7,396 square feet, offering tenants beautifully designed three-bedroom and two-bedroom floor plans with in-unit washers & dryers. The subject property consists of a duplex and seven cottage-style units all with private garages. 24656, 24658, 24680 & 24682 Oneil Ave is a well-positioned asset with close proximity to some of the most prominent employment centers in the Bay Area: Oakland (7.5 miles), The Peninsula (14 miles), The Tri-Valley (11 miles), and San Francisco (28 miles). The major transportation corridors of Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and several BART stations make commuting to these major transpiration centers convenient for tenants. In addition, the subject property offers close proximity to many of the nation's top employers including Tesla, PG&E, Chevron, Kaiser, Sutter Health, John Muir Health, as well as many others. The subject property is also located within close proximity to California State University East Bay (0.9 mi). The strong positioning of 24656, 24658, 24680 & 24682 Oneil Ave presents investors the option to pivot and attract a diverse range of residents driven towards the overall value that Hayward provides. The investment appeal of this asset is driven by Hayward’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 24656, 24658, 24680 & 24682 Oneil Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

9

PRICE/UNIT

$377,778

CAP RATE

5.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,850 SF

ZONING

MB-CN

APN/PARCEL ID

444-0036-049-00,444-0036-051-00,444-0036-052-00,444-0036-053-00

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

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