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Multifamily

2468 Hidden Lane

2468 Hidden Ln, Hayward, CA 94541

Listing Price: $1,800,000

Cap Rate
2.56%
Number of Units
2
Price/Unit
$900,000

Investment Overview

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 2468 Hidden Lane, a duplex located in the hills of Hayward, CA. This presents an investor the unique opportunity to acquire a property in one of the most desired locations in Alameda County. 2468 Hidden Lane is a duplex located in the northern part of Hayward. The property has a 3 bedroom / 2 bathroom SFR and a 2 bedroom / 1 bathroom SFR. The property sits on a 1.25 acre lot. Among the amenities are the vast open space along with separate homes, allowing tenants a sense of privacy. The property is located in an unincorporated area of Hayward, making it so it is not subject to the City of Hayward’s onerous rent control restrictions. The property also presents a development opportunity for prospective investors. Back in 2017, Alameda County tentatively approved an application to subdivide the lot into three parcels. This potentially provides a new owner with a multitude of options from redeveloping the lot and selling the three parcels individually to building additional housing to support a multi-generational household. Buyer to verify with the county regarding their options. While located in a quiet neighborhood, residents have easy access to every point of interest. Downtown Hayward is a short drive away, which has over 100 shops, restaurants, and services. Its proximity to California State University East Bay will attract a lot of interest from faculty, administrators and students. Residents also have easy access to Highway 580 and Highway 880, which allows for a quick drive to either Oakland or the South Bay. The average household income in Hayward is $86K while the average cost of a home is under $1 million (as of April 2022). However, potential homeowners face intense competition from those who work in Fremont, Milpitas, Redwood City, and San Mateo. This places homeownership out of reach for most residents, which creates a robust tenant base.

Investment Highlights

  • Excellent replacement for a single-family rental as units separate structures that are over 1,000 sqft while having a spacious kitchen and living room.
  • Back in 2017, Alameda County tentatively approved an application to subdivide the lot into three parcels. This potentially provides a new owner with a multitude of options from redeveloping the lot an
  • The property is located in an unincorporated area, making it not subject to the City of Hayward's onerous rent control restrictions.

Exclusively Listed By

Multifamily

2468 Hidden Lane

Listing Price: $1,800,000

Cap Rate
2.56%
Number of Units
2
Price/Unit
$900,000

Investment Highlights

  • Excellent replacement for a single-family rental as units separate structures that are over 1,000 sqft while having a spacious kitchen and living room.
  • Back in 2017, Alameda County tentatively approved an application to subdivide the lot into three parcels. This potentially provides a new owner with a multitude of options from redeveloping the lot an
  • The property is located in an unincorporated area, making it not subject to the City of Hayward's onerous rent control restrictions.

Investment Overview

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 2468 Hidden Lane, a duplex located in the hills of Hayward, CA. This presents an investor the unique opportunity to acquire a property in one of the most desired locations in Alameda County. 2468 Hidden Lane is a duplex located in the northern part of Hayward. The property has a 3 bedroom / 2 bathroom SFR and a 2 bedroom / 1 bathroom SFR. The property sits on a 1.25 acre lot. Among the amenities are the vast open space along with separate homes, allowing tenants a sense of privacy. The property is located in an unincorporated area of Hayward, making it so it is not subject to the City of Hayward’s onerous rent control restrictions. The property also presents a development opportunity for prospective investors. Back in 2017, Alameda County tentatively approved an application to subdivide the lot into three parcels. This potentially provides a new owner with a multitude of options from redeveloping the lot and selling the three parcels individually to building additional housing to support a multi-generational household. Buyer to verify with the county regarding their options. While located in a quiet neighborhood, residents have easy access to every point of interest. Downtown Hayward is a short drive away, which has over 100 shops, restaurants, and services. Its proximity to California State University East Bay will attract a lot of interest from faculty, administrators and students. Residents also have easy access to Highway 580 and Highway 880, which allows for a quick drive to either Oakland or the South Bay. The average household income in Hayward is $86K while the average cost of a home is under $1 million (as of April 2022). However, potential homeowners face intense competition from those who work in Fremont, Milpitas, Redwood City, and San Mateo. This places homeownership out of reach for most residents, which creates a robust tenant base.

Exclusively Listed By

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