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21360 Ocean View Dr - 21360 Ocean View Dr 7 Unit Apartment Building Offered at $1,400,000 at a 4.64% Cap Rate Hayward, CA 94541
Investment Highlights
- Prime East Bay Location
- Expansive 15,000 SF Lot Size
- Close Proximity to Cal State East Bay
- Strong Local Residential Base
Executive Summary
Located in the highly sought-after East Bay, 21360 Ocean View Drive offers a significant multi-family investment opportunity in Hayward. The surrounding area provides a mature residential community feel, with residents close to key local services, parks, and community centers.
This substantial seven-unit offering spans a 5,055 SF building on a generous 15,000 SF lot. The unit mix consists of 4 legal units and 3 non-conforming units, providing a unique scale in a prime location. Residents benefit from immediate access to local amenities, diverse dining, and popular shopping. The property’s excellent connectivity via I-880 and Highway 92 ensures rapid transportation access throughout the East Bay job markets.
With seven units on a commanding lot, this asset provides an investor with a robust foundation for consistent rental income and sustained equity growth in a strong regional rental market.
This substantial seven-unit offering spans a 5,055 SF building on a generous 15,000 SF lot. The unit mix consists of 4 legal units and 3 non-conforming units, providing a unique scale in a prime location. Residents benefit from immediate access to local amenities, diverse dining, and popular shopping. The property’s excellent connectivity via I-880 and Highway 92 ensures rapid transportation access throughout the East Bay job markets.
With seven units on a commanding lot, this asset provides an investor with a robust foundation for consistent rental income and sustained equity growth in a strong regional rental market.
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 | $1,400,000 | Property Type | Multifamily |
| Price Per Unit | $200,000 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 5,055 SF |
| Cap Rate | 4.64% | No. Stories | 2 |
| Gross Rent Multiplier | 13.08 | Year Built | 1900 |
| No. Units | 7 |
| Price | $1,400,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| Gross Rent Multiplier | 13.08 |
| No. Units | 7 |
| Property Type | Multifamily |
| Lot Size | 0.34 AC |
| Building Size | 5,055 SF |
| No. Stories | 2 |
| Year Built | 1900 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $1,734 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
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