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Multifamily

1643-1659 B Street

1647 B St, Hayward, CA 94541

Listing Price: $2,980,000

Cap Rate
4.08%
Number of Units
10
GRM
15.57
Occupancy
97.0%
Price/Unit
$298,000
Price/Gross SF
$340.57
Gross SF
8,750

Investment Overview

This offering at 1643-1659 B Street, Hayward, CA is a ten-unit apartment complex, consisting of two separate buildings, in fantastic condition and meticulously maintained by owner. The property presents great curb appeal, with frontage on high traffic B Street which allows easy rental upon turnover.

The property is comprised of two primary structures. The first building to the side and rear of the lot, is a single level seven-unit building constructed circa 1961 of wood frame with stucco siding, with a pitched composite roof, and private patios for each unit. The second building is a two-story triplex constructed circa 1930 of wood frame, with wood siding, and pitched composite roof. The owner has completed many improvements including recently replaced the roofs, installing double paned windows on the 7-unit building, and recently repaving the parking area. Tenants enjoy enclosed dedicated garage parking for all six units, storage lockers, and an on-site laundry room for convenience. The low maintenance but attractive landscaping ensures minimal expense for the owner while maintaining impressive curb appeal.

The complex unit interiors consist of seven spacious two-bedroom one-bath apartments, of an estimated 850 square feet, two one-bedroom one-bath apartments, and a large three-bedroom one bath. Tenants benefit from ample parking with a large 0.46-acre lot, separate PG&E meters, and individual walk-up entrances.

The subject property sits in a perfect location mid-point between the two vibrant downtown centers of Castro Valley (including the new Castro Valley Market place which opened fall of 2020) and downtown Hayward. Both Hayward and Castro Valley BART offer a convenient alternative to commuting for tenants, allowing for hassle free transport to nearby job centers.

Investment Highlights

  • Great unit mix:two-1bed/1bath, seven-2bed/1bath, and one-3bed/1bath unit floorplans.
  • New roof, double paned windows, new pavement, and recent exterior paint.
  • Attractive curb appeal and landscaping with large 0.46 Acre Lot

Exclusively Listed By

  • Jon A. Holmquist

    Senior Managing Director Investments

    (415) 625-2117

    Email Jon

    License(s): CA: 01257479

    San Francisco

Financing By

Multifamily

1643-1659 B Street

Listing Price: $2,980,000

Cap Rate
4.08%
Number of Units
10
GRM
15.57
Occupancy
97.0%
Price/Unit
$298,000
Price/Gross SF
$340.57
Gross SF
8,750

Investment Highlights

  • Great unit mix:two-1bed/1bath, seven-2bed/1bath, and one-3bed/1bath unit floorplans.
  • New roof, double paned windows, new pavement, and recent exterior paint.
  • Attractive curb appeal and landscaping with large 0.46 Acre Lot

Investment Overview

This offering at 1643-1659 B Street, Hayward, CA is a ten-unit apartment complex, consisting of two separate buildings, in fantastic condition and meticulously maintained by owner. The property presents great curb appeal, with frontage on high traffic B Street which allows easy rental upon turnover.

The property is comprised of two primary structures. The first building to the side and rear of the lot, is a single level seven-unit building constructed circa 1961 of wood frame with stucco siding, with a pitched composite roof, and private patios for each unit. The second building is a two-story triplex constructed circa 1930 of wood frame, with wood siding, and pitched composite roof. The owner has completed many improvements including recently replaced the roofs, installing double paned windows on the 7-unit building, and recently repaving the parking area. Tenants enjoy enclosed dedicated garage parking for all six units, storage lockers, and an on-site laundry room for convenience. The low maintenance but attractive landscaping ensures minimal expense for the owner while maintaining impressive curb appeal.

The complex unit interiors consist of seven spacious two-bedroom one-bath apartments, of an estimated 850 square feet, two one-bedroom one-bath apartments, and a large three-bedroom one bath. Tenants benefit from ample parking with a large 0.46-acre lot, separate PG&E meters, and individual walk-up entrances.

The subject property sits in a perfect location mid-point between the two vibrant downtown centers of Castro Valley (including the new Castro Valley Market place which opened fall of 2020) and downtown Hayward. Both Hayward and Castro Valley BART offer a convenient alternative to commuting for tenants, allowing for hassle free transport to nearby job centers.

Exclusively Listed By

  • Jon A. Holmquist

    Senior Managing Director Investments

    (415) 625-2117

    Email Jon

    License(s): CA: 01257479

    San Francisco

Financing By

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