Log In/Sign Up
Your email has been sent.
1821 Hill Ave
Hayward, CA 94541
Built 1988| Townhomes @ Hill · Multifamily Property For Sale
·
11 Units
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
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.
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.
Property Facts
| Price Per Unit | $304,492 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.66 AC |
| Cap Rate | 6.30% | Building Size | 36,568 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 |
| Apartment Style | Low-Rise | ||
| Zoning | R-M, Hayward | ||
| 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 | 0.66 AC |
| Building Size | 36,568 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | R-M, Hayward |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 11 | $2,509 | 899 - 1,001 |
Property Taxes
| Parcel Number | 416-0230-006-02 | Improvements Assessment | $1,759,563 |
| Land Assessment | $716,859 | Total Assessment | $2,476,422 |
Property Taxes
Parcel Number
416-0230-006-02
Land Assessment
$716,859
Improvements Assessment
$1,759,563
Total Assessment
$2,476,422
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
