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1049 Armstrong St
Hayward, CA 94541
Casa Bret Harte Apartments · Multifamily Property For Sale
·
17 Units
Investment Highlights
- Plentiful Parking
- Downtown Location
- Large Units
Executive Summary
Casa Bret Harte presents an attractive 17-unit multifamily investment opportunity in Hayward. The property features fifteen spacious 2-bedroom/1.5-bath units and two 1-bedroom/1-bath units, private decks, 24 on-site parking spaces, an elevator, and a coin-operated laundry facility. Significant capital improvements have been completed recently, enhancing the property and reducing near-term capital needs. Currently 15 units are occupied, with two vacant units offering immediate leasing potential. Approximately 18,650 square feet of building area, together with meaningful rental upside, provides an opportunity to increase income while acquiring a substantial East Bay apartment asset. 5.81% Cap rate/11.75 GRM on current rents, over 8% cap rate/9.29 GRM on market rents. Rent roll, profit and loss, and other financials in disclosure link.
Property Facts
| Price Per Unit | $279,412 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 5.81% | Building Size | 18,710 SF |
| Gross Rent Multiplier | 11.75 | No. Stories | 3 |
| No. Units | 17 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price Per Unit | $279,412 |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Gross Rent Multiplier | 11.75 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 18,710 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.28/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Gated
- Recycling
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,740 | 661 |
| 2+1.5 | 15 | $1,977 | 951 |
Property Taxes
| Parcel Number | 427-0001-038-00 | Improvements Assessment | $450,148 |
| Land Assessment | $190,013 | Total Assessment | $640,161 |
Property Taxes
Parcel Number
427-0001-038-00
Land Assessment
$190,013
Improvements Assessment
$450,148
Total Assessment
$640,161
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