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21447-461 Ocean View Dr 8 Unit Apartment Building $1,550,000 ($193,750/Unit) 5.55% Cap Rate Hayward, CA 94541
Investment Highlights
- Value Add
- Ample Parking
Executive Summary
21447 Ocean View Dr is an exceptional opportunity for investors seeking a true value-add multifamily asset with
substantial upside. Situated in the dynamic East Bay submarket of unincorporated Hayward, the property combines large unit configurations, a generous lot size, and strong tenant demand, key fundamentals for long-term success.
Hayward’s economy is dynamic and well-balanced, anchored by sectors such as manufacturing, education, healthcare, logistics, and technology. Major employers like California
State University, East Bay, St. Rose Hospital, Gillig Corporation, and PepsiCo contribute to a strong and diverse employment base. The city’s central location in the East Bay
provides convenient access to major job centers in Oakland, San Francisco, and Silicon Valley, connecting residents to one of the most robust labor markets in the country.
Hayward’s proximity to regional transportation networks, research institutions, and universities continues to attract a skilled workforce and foster economic growth. This
combination of local stability and regional connectivity supports steady housing demand and positions Hayward as an appealing market for both long-term residential and
commercial real estate investment.
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substantial upside. Situated in the dynamic East Bay submarket of unincorporated Hayward, the property combines large unit configurations, a generous lot size, and strong tenant demand, key fundamentals for long-term success.
Hayward’s economy is dynamic and well-balanced, anchored by sectors such as manufacturing, education, healthcare, logistics, and technology. Major employers like California
State University, East Bay, St. Rose Hospital, Gillig Corporation, and PepsiCo contribute to a strong and diverse employment base. The city’s central location in the East Bay
provides convenient access to major job centers in Oakland, San Francisco, and Silicon Valley, connecting residents to one of the most robust labor markets in the country.
Hayward’s proximity to regional transportation networks, research institutions, and universities continues to attract a skilled workforce and foster economic growth. This
combination of local stability and regional connectivity supports steady housing demand and positions Hayward as an appealing market for both long-term residential and
commercial real estate investment.
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Property Facts
| Price | $1,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $193,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 5.55% | Building Size | 4,500 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 96% |
| Gross Rent Multiplier | 10.2 | No. Stories | 1 |
| No. Units | 8 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 3.56/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3BE, Alameda Cnty. | ||
| Price | $1,550,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.2 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 3.56/1,000 SF |
| Zoning | R-3BE, Alameda Cnty. |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $2,000 | 535 |
| 2+1 | 1 | $1,700 | 750 |
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 414-0081-072-00 | Improvements Assessment | $397,332 |
| Land Assessment | $176,828 | Total Assessment | $574,160 |
Property Taxes
Parcel Number
414-0081-072-00
Land Assessment
$176,828
Improvements Assessment
$397,332
Total Assessment
$574,160
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21447-461 Ocean View Dr
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