New Listing
550 Berry Avenue,Hayward, CA 94544
Hayward, CA 94544
Description
Rarely Available 44-Unit Multifamily Asset in Desirable Jackson Triangle Neighborhood. Peaceful Setting: Amongst Single Family Homes. Quiet Street, Minimal Thoroughfare Traffic. CAP Rate: In-Place 6.00% / Pro-Forma: 7.41%. GRM: In-Place: 10.6 / Pro-Forma: 9.2. Cost/Unit: $274,000/Door. Cost/SF: $389/SF. Pride-of-Ownership Property. Excellent Curb Appeal. Fully Secured Building. Remote-Controlled Main Entry Gate. Gated-Community. Park-Like Setting / Secured Perimeter. Excellent Curb-Appeal. Unit Mix: (26) Spacious 1 Bedroom/1 Bath (±663 SF) Units. (18) Spacious 2 Bedroom/1 Bath (±765 SF) Units. Secured Center Courtyard w/ Numerous Tenant Amenities. Durable Rents w/ Upside: Low Historic Vacancy. Low Tenant Turnover. Solid Cashflow. Reposition Ideas: Add Dishwashers, Recessed Lighting, Flooring Upgrades. Capital Improvements: Dual-Pane Windows, Water Heaters, Landscape Lighting, Exterior Painting, Etc. Excellent Connectivity & Access to Major Employers: Public Transit: 1.8 Miles From the Hayward BART Station (9-Minute Bike Ride / 12 Minutes by Bus). Commute: Easy Access to Major Freeways (Highways 92, 880, and 84). Major Employers: Short Commute to Major Employers. East Bay: Tesla, Kaiser, UC Berkley, and More. Peninsula: Visa, Meta, Google, and More
Details
| MLS # | ML82061756 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 2 |
| Listing Provided By | Colliers Parrish International, Inc. | Don Sung |
Features
| SQ Feet | 31,006 |
|---|---|
| Car Port | Yes |
| Building(s) | 4 |
| Zoning | RH (High-Density Resident |
| Acreage | 1.40 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Security Lights |
Taxes
| Property | 145806 |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Hayward |
| Zip Code | 94544 |
| Area | 699 Not Defined |
| Listing VS Median (in 94544) | |
Price: $12,056,000 low | high Med: $2,799,800 sqft: 31,006 low | high Med: 5,970 $ / sqft: $389 low | high Med: $469 On site: 2 low | high Med: 180 | |
Market Activity 94544
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Hayward |
| Zip Code | 94544 |
| Area | 699 Not Defined |
| Listing VS Median (in 94544) | |
Price: $12,056,000 low | high Med: $2,799,800 sqft: 31,006 low | high Med: 5,970 $ / sqft: $389 low | high Med: $469 On site: 2 low | high Med: 180 | |