Investment Overview

21857 & 21889 Thelma St is a stunning 12-unit apartment community located in the thriving city of Hayward, California. Situated on a parcel of land totaling 16,200 square feet, the subject property was originally constructed in 1964 and has a gross building area of approximately 9,620 square feet, offering tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also features convenient tenant amenities such as on-site laundry, private parking, and a private yard for select units. With many factors influencing strong demand for the East Bay, 21857 & 21889 Thelma St is a well-positioned asset set to benefit from its centralized location. With convenient access to transportation corridors such as Interstate 880, Interstate 580, the San Mateo- Hayward Bridge, and two BART stations, the subject property continues to fulfill some of the most important resident demands such as the ease of access to high-end shops, restaurants, and entertainment options. 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 (3.4 mi). The strong positioning of 21857 & 21889 Thelma St 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, 21857 & 21889 Thelma St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.