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1991 Constructed | 2BD/2BA | 900 SF Units 22049 Hathaway Ave 6 Unit Apartment Building $1,795,000 ($299,167/Unit) 6.02% Cap Rate Hayward, CA 94541
Investment Highlights
- 1991 Construction
- In- Unit Laundry and Two Designated Parking Spaces per Resident
- Next to Costco
- Six Spactious 900 SF Two Bedroom / Two Bath Units on a 14,375 SF Lot
- Residents Enjoy Private Patios and Balconies
Executive Summary
Kidder Mathew is pleased to offer 22049 Hathaway Avenue as a premier opportunity to acquire a high-performance multifamily asset in one of the East Bay's most supply-constrained submarkets. Built in 1991 on a 0.33-acre lot, this exceptionally well-maintained six-unit property features SIX (6) spacious Two-bedroom Two-bath units. Each unit features in-unit laundry, patio/balcony, and upgraded floors.
This asset provides a stable, core-plus foundation for private capital investors seeking long-term appreciation in a high-demand rental market. The property's strategic location acts as a primary driver for consistent occupancy, situated just steps from Costco and the Tesla showroom, and easy access to a commercial corridor lined with restaurants and shops. Offering unparalleled regional connectivity, the asset is located near the Hayward BART station with immediate access to Interstates 880 and 238, facilitating efficient commutes to major employment hubs in Oakland, San Francisco, and the Silicon Valley. This offering represents a rare chance to secure a centrally located investment in the heart of the East Bay.
This asset provides a stable, core-plus foundation for private capital investors seeking long-term appreciation in a high-demand rental market. The property's strategic location acts as a primary driver for consistent occupancy, situated just steps from Costco and the Tesla showroom, and easy access to a commercial corridor lined with restaurants and shops. Offering unparalleled regional connectivity, the asset is located near the Hayward BART station with immediate access to Interstates 880 and 238, facilitating efficient commutes to major employment hubs in Oakland, San Francisco, and the Silicon Valley. This offering represents a rare chance to secure a centrally located investment in the heart of the East Bay.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$158,508
|
$31.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,755
|
$0.95
|
| Effective Gross Income |
$153,753
|
$30.74
|
| Taxes |
$21,443
|
$4.29
|
| Operating Expenses |
$24,221
|
$4.84
|
| Total Expenses |
$45,664
|
$9.13
|
| Net Operating Income |
$108,089
|
$21.61
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $158,508 |
| Annual Per SF | $31.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,755 |
| Annual Per SF | $0.95 |
| Effective Gross Income | |
|---|---|
| Annual | $153,753 |
| Annual Per SF | $30.74 |
| Taxes | |
|---|---|
| Annual | $21,443 |
| Annual Per SF | $4.29 |
| Operating Expenses | |
|---|---|
| Annual | $24,221 |
| Annual Per SF | $4.84 |
| Total Expenses | |
|---|---|
| Annual | $45,664 |
| Annual Per SF | $9.13 |
| Net Operating Income | |
|---|---|
| Annual | $108,089 |
| Annual Per SF | $21.61 |
Property Facts
| Price | $1,795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $299,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.02% | Building Size | 5,400 SF |
| Gross Rent Multiplier | 11.3 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1991 |
| Property Type | Multifamily | Parking Ratio | 2.22/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | PD, Hayward | ||
| Price | $1,795,000 |
| Price Per Unit | $299,167 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,400 SF |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | PD, Hayward |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer Hookup
- Deck
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | $2,200 | 900 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 429-0073-056-00 | Total Assessment | $793,034 |
| Land Assessment | $238,217 | Annual Taxes | $21,443 ($3.97/SF) |
| Improvements Assessment | $554,817 | Tax Year | 2025 |
Property Taxes
Parcel Number
429-0073-056-00
Land Assessment
$238,217
Improvements Assessment
$554,817
Total Assessment
$793,034
Annual Taxes
$21,443 ($3.97/SF)
Tax Year
2025
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1991 Constructed | 2BD/2BA | 900 SF Units | 22049 Hathaway Ave
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