Multifamily
Westpark
21501 Westpark St, Hayward, CA 94541
Listing Price: $6,700,000
Investment Overview
21501 Westpark is a 24-unit multifamily asset located in Hayward, California,
offering a rare opportunity to acquire a value-add property in a strategic
location within the central East Bay.
The property is situated on a 0.88-acre parcel with 20,605 square feet of
gross building area, and has maintained a strong physical occupancy rate
of 97%, providing immediate cash flow with a 6.44% cap rate based on a
$6,700,000 list price.
The asset offers a highly desirable unit mix with 75% of the floor plans being
townhouse-style units featuring 1.5 bathrooms and an overall average of 859
square feet. All 24 units are individually metered for water, electricity, and
gas, minimizing landlord utility requirements.
Exclusively Listed By
Investment Highlights
- Most units are townhouse style units
- Most units have in-unit washer/dryer
- New roof, new sub-panels, and 50% of the water heaters are new
Investment Overview
21501 Westpark is a 24-unit multifamily asset located in Hayward, California, offering a rare opportunity to acquire a value-add property in a strategic location within the central East Bay. The property is situated on a 0.88-acre parcel with 20,605 square feet of gross building area, and has maintained a strong physical occupancy rate of 97%, providing immediate cash flow with a 6.44% cap rate based on a $6,700,000 list price. The asset offers a highly desirable unit mix with 75% of the floor plans being townhouse-style units featuring 1.5 bathrooms and an overall average of 859 square feet. All 24 units are individually metered for water, electricity, and gas, minimizing landlord utility requirements.
Exclusively Listed By
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