28222 Lustig Ct - Apartments FOR SALE


Hayward, CA 94544
$10,195,000 USD
510-725-4775
28222 Lustig Ct, Hayward, CA for Sale
$10,195,000 USD
Apartments - FOR SALE
1/30
null | 6.21% Cap Rate

28222 Lustig Ct
Hayward, CA 94544


HIGHLIGHTS

  • This Investment Opportunity Consists of Twenty-Four (24) 3bd/1.5bth Townhomes, Each Approximately 1,150 Square Feet, Set on Roughly 1.42 Acres of Land
  • Each Tenant has an Attached Garage and an Additional Dedicated Outdoor Parking Space, as well as an Upstairs Balcony and a Spacious Backyard Patio wit
  • The Property Includes a Rental Office, On-Site Laundry Facility Adjacent to the Pool, and a Large Unused Common Area/Clubhouse
  • Recently Turned Units Feature New Sliding Doors, Wall-to-Wall Carpet on the Top Floor, Fresh Paint, New Flooring, & Stainless Steel Appliances
  • Numerous Recent Improvements, Including a New Roofs, Many New Appliances, and New Patio Slider Doors in Every Unit
  • Prime Hayward Location - Just Three (3) Blocks from South Hayward BART and Close to Popular Restaurants, Cafes, Shopping, Schools, Parks and Major Emp

OVERVIEW

The Pinza Group is pleased to present Parkview Townhomes at 28222 Lustig Ct in Hayward, CA. This property consists of twenty-four 3bd/1.5bth townhomes, each approximately 1,144 square feet, set on roughly 1.42 acres of land shaped in a horseshoe configuration with three perimeter buildings and one central building. Each unit is separately metered for PG&E, and a RUBS program for tenant utility reimbursement is being utilized, keeping owner expenses to a minimum. Each tenant has an attached garage and an additional dedicated outdoor parking space, as well as an upstairs balcony and a spacious backyard patio with a concrete slab and room for BBQ or outdoor enjoyment. There is huge potential for add-value opportunity by moving long-term tenants towards market rents through rent increases, turnover, capital improvement pass-throughs, or tenant buy-outs. Recently turned units feature new sliding doors, wall-to-wall carpet on the top floor, fresh paint, new flooring on the bottom level, stainless steel appliances, new kitchen cabinets, and ceiling fans. This prime Hayward location is just three blocks from South Hayward BART and close to popular restaurants, cafes, shopping, schools, parks, and major employment centers. Hayward is centrally located between San Jose and Oakland/San Francisco, with direct access to the San Mateo Bridge. The California State University, East Bay campus, with its Pioneer Amphitheatre concerts, serves as a cultural hub. Popular spots include Cinema Place, known for its movie theater, unique shopping, and art gallery. The city's extensive murals have earned national recognition. Outdoor activities abound at Dry Creek Pioneer Regional Park and various smaller parks. Hayward offers a quick commute to tech jobs in Fremont, San Mateo, Silicon Valley, Oakland, and San Francisco, with rental rates significantly lower than those in San Mateo and San Francisco counties. EMAIL: INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND TOUR INFORMATION

FOR SALE DETAILS

PRICE

$10,195,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

24

PRICE/UNIT

$424,792

CAP RATE

6.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkview Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

RM, Hayward

APN/PARCEL ID

465-0025-002-00

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

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