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21806-21832 Meekland Ave 14 Unit Apartment Building $2,800,000 ($200,000/Unit) 5.03% Cap Rate Hayward, CA 94541
INVESTMENT HIGHLIGHTS
- Excellent Investment Opportunity!!
- Unincorporated Alameda County / Cherryland District
- Fantastic Central Location!
EXECUTIVE SUMMARY
Excellent investment in Hayward’s coveted ‘Cherryland District’. Known for its central location and ease of access. Hayward is Dubbed the ‘Heart of the Bay Area’. The Property is in an Unincorporated Area of Hayward, Alameda County. The property generates an in place, stabilized 5.03% Cap Rate and provides Excellent upside potential with a Proforma Cap Rate approaching 7%!! The property offers investor’s a prime multi-family unit mix. Ideally situated with a 3 bed/1 bath SFH located at the front of the property and directly in the rear there are 13 uniform 2 bed/1 bath units. The front Single Family Home is equipped with garage and laundry. Additional, allocated parking for rear units is plentiful and off-street. Tenants enjoy a central location with easy access to multiple freeways and sources of public transportation and less than 2 miles to Hayward BART and the vibrant Downtown Hayward! Showing subject to accepted offer Only. DO NOT DISTURB TENANTS. Please contact Watkins Real Estate for Full Offer Memo.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$139,067
|
$11.02
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $139,067 |
| Annual Per SF | $11.02 |
PROPERTY FACTS
| Price | $2,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 5.03% | Building Size | 10,017 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Price | $2,800,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Sale Condition | 1031 Exchange |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 10,017 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.6/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Heating
- Eat-in Kitchen
- Refrigerator
- Oven
- Range
- Double Pane Windows
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 13 | - | 690 |
| 3+1 | 1 | - | 1,000 |
1 1
PROPERTY TAXES
| Parcel Number | 429-0064-033-00 | Improvements Assessment | $134,995 (2025) |
| Land Assessment | $225,369 (2025) | Total Assessment | $360,364 (2025) |
PROPERTY TAXES
Parcel Number
429-0064-033-00
Land Assessment
$225,369 (2025)
Improvements Assessment
$134,995 (2025)
Total Assessment
$360,364 (2025)
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21806-21832 Meekland Ave
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