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Built 1988 | Touring Thursday 7/9 @ 11AM 1821 Hill Ave 11 Unit Apartment Building $3,349,413 ($304,492/Unit) 6.30% Cap Rate Hayward, CA 94541



Investment Highlights
- Built in 1988
- 100% Two Story 900 SF townhomes with private patios, covered parking, and individual storage
- Strong rental demand with Cal State East Bay directly EAST (15,000 students)
- Hayward Hill submarket- low density with protected open space.
- Strong in place cash flow with upside
- Turnkey, low management investment
Executive Summary
SHOWING SCHEDULE: THURS 7/9 | 11AM-1PM
EMAIL AGENT FOR ACCESS TO DISCLOSURES
Kidder Mathews is pleased to exclusively present Townhomes at Hill, a rare turnkey multifamily investment opportunity comprising 11 two-bedroom/one-bathroom townhome units situated in the highly coveted Hayward Hills submarket of the East Bay. Located at 1821 Hill Avenue, the asset occupies a premier position within one of the East Bay's most resilient and in-demand rental corridors. The property's distinctive architectural character and thoughtfully designed floor plans deliver the spacious, townhome-style living that today's discerning renters actively seek.
Each residence features generous natural light, open and functional floor plans, and private patio areas equipped with dedicated outdoor storage and pantry space. Residents benefit from covered parking with individual storage units, complemented by seven dedicated guest parking spaces. Other upgrades include in-unit dishwashers, breakfast/dining nook areas, and individual water heaters conveniently housed in exterior closets. A dedicated on-site laundry facility, housed in a separate building, further enhances the resident experience and provides an additional revenue opportunity for ownership.
Townhomes at Hill represents a compelling, low-management investment with strong in-place cash flow and significant value-add potential in a supply-constrained submarket.
EMAIL AGENT FOR ACCESS TO DISCLOSURES
Kidder Mathews is pleased to exclusively present Townhomes at Hill, a rare turnkey multifamily investment opportunity comprising 11 two-bedroom/one-bathroom townhome units situated in the highly coveted Hayward Hills submarket of the East Bay. Located at 1821 Hill Avenue, the asset occupies a premier position within one of the East Bay's most resilient and in-demand rental corridors. The property's distinctive architectural character and thoughtfully designed floor plans deliver the spacious, townhome-style living that today's discerning renters actively seek.
Each residence features generous natural light, open and functional floor plans, and private patio areas equipped with dedicated outdoor storage and pantry space. Residents benefit from covered parking with individual storage units, complemented by seven dedicated guest parking spaces. Other upgrades include in-unit dishwashers, breakfast/dining nook areas, and individual water heaters conveniently housed in exterior closets. A dedicated on-site laundry facility, housed in a separate building, further enhances the resident experience and provides an additional revenue opportunity for ownership.
Townhomes at Hill represents a compelling, low-management investment with strong in-place cash flow and significant value-add potential in a supply-constrained submarket.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,349,413 | Apartment Style | Low-Rise |
| Price Per Unit | $304,492 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 6.30% | Building Size | 14,702 SF |
| Gross Rent Multiplier | 10.72 | Average Occupancy | 95% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Zoning | R-M, Hayward | ||
| Price | $3,349,413 |
| Price Per Unit | $304,492 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Gross Rent Multiplier | 10.72 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 14,702 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | R-M, Hayward |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 11 | $2,509 | 899 - 1,001 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 416-0230-006-02 | Total Assessment | $2,476,422 |
| Land Assessment | $716,859 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,759,563 | Tax Year | 2025 |
Property Taxes
Parcel Number
416-0230-006-02
Land Assessment
$716,859
Improvements Assessment
$1,759,563
Total Assessment
$2,476,422
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Built 1988 | Touring Thursday 7/9 @ 11AM | 1821 Hill Ave
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