24656 ONeil Ave 9 Unit Apartment Building $3,400,000 ($377,778/Unit) 5.43% Cap Rate Hayward, CA 94544

24656, 24658, 24680 & 24682 Oneil Ave is a stunning 9-unit cottage-style apartment community located in the thriving city of Hayward, California.
Situated on four contiguous parcels of land totaling 37,850 square feet, the subject property was originally constructed in 1944, 1956 & 1957 and has a gross building area of approximately 7,396 square feet, offering tenants beautifully designed three-bedroom and two-bedroom floor plans with in-unit washers & dryers.
The subject property consists of a duplex and seven cottage-style units all with private garages. 24656, 24658, 24680 & 24682 Oneil Ave is a well-positioned asset with close proximity to some of the most prominent employment centers in the Bay Area: Oakland (7.5 miles), The Peninsula (14 miles), The Tri-Valley (11 miles), and San Francisco (28 miles). The major transportation corridors of Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and several BART stations make commuting to these major transpiration centers convenient for tenants.
In addition, the subject property offers close proximity to many of the nation's top employers including Tesla, PG&E, Chevron, Kaiser, Sutter Health, John Muir Health, as well as many others. The subject property is also located within close proximity to California State University East Bay (0.9 mi). The strong positioning of 24656, 24658, 24680 & 24682 Oneil Ave presents investors the option to pivot and attract a diverse range of residents driven towards the overall value that Hayward provides.
The investment appeal of this asset is driven by Hayward’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 24656, 24658, 24680 & 24682 Oneil Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.