$1,900,000
$2,000,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
0.44 Acres Lot
SOLD DATE : 09/24/2024
Key Details
Sold Price $1,900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24420229
Sold Date 09/24/24
HOA Y/N No
Year Built 1989
Lot Size 0.439 Acres
Property Description
Built in 1989 on a rare, expansive half-acre lot, this 6-unit townhome-style property presents a unique value-add opportunity. A private driveway leads to 3 detached buildings, each housing only 2 units per building and no adjoining walls; creates a sense of privacy rarely found in multi-unit properties. Each unit includes the living area upstairs and a private two car garage below, plus their own individual yards. All units are individually metered and include a spacious living area with fireplace, 1 bedroom, full size bath, washer/dryer hook-ups, private entry, and balcony. The kitchen comes equipped with an electric range, dishwasher, refrigerator, sink with garbage disposal, and plenty of cabinets. A bonus 7th unit (manager's office) enhances the exceptional offering. All units are currently rented on a month-to-month basis with significant upside potential approximately 28% below market value. Only Statewide Rent Control applies. Vacancy is very low due to the location and uniqueness of this property. Less than 1 mile from Hayward BART and easy access to 580, 880, and San Mateo-Hayward Bridge, makes this a commuter's dream. Located in the up and coming Cherryland neighborhood near dining, shopping, and entertainment as well as CSU East Bay, Chabot College, Mills College, and major employers of the Bay Area.
Location
State CA
County Alameda
Interior
Heating Fireplace(s), Wall Furnace
Fireplace No
Exterior
Community Features Gated
Roof Type Clay
Total Parking Spaces 16
Building
Lot Description Back Yard, Rectangular Lot
Story 2
Water Public
Others
Tax ID 4290014095
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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Bought with Victoria Beliso • Compass
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Broker Associate | Lic# 01398838