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Rare Two-Building Community Asset - Value-Add 24954 Cypress Ave 2 Unit Apartment Building $2,799,800 ($1,399,900/Unit) Hayward, CA 94544
Investment Highlights
- Two-building configuration offering senior care operations plus additional rental income or flexible use
- Located in the East Bay with strong senior demographic growth and demand for care services
- Ideal for operators, nonprofits, or mission-aligned investors
- 30+ years of operational history serving the local community
- Layout supports efficient staffing, circulation, and resident care operations
Executive Summary
Download OM and Disclosures, Video and 3D Tour: https://jsei.haylengroup.com/
Offered at $2,799,800 and delivered vacant, 24952 to 24954 Cypress Avenue is a two-building property totaling approximately 5,790 SF on an approximately 20,100 SF RM lot in South Hayward.
The rear building of approximately 3,760 SF was previously licensed for 14 beds and offers five single-occupancy rooms, five double-occupancy rooms, a commercial-grade kitchen, common and dining areas, wide corridors, and an accessibility-supportive layout. The front building is a 3-bedroom, 2-bath residence of approximately 2,030 SF, refreshed with new paint, updated kitchen surfaces, and modernized lighting.
The pairing gives an owner-operator the ability to live on site, house staff, or generate rental income while running a program in the rear building. The previously licensed configuration supports a faster operational restart for residential care relative to ground-up development, and administrative use permit pathways extend eligible uses to educational, cultural, religious, convalescent, and nonprofit users. For investors, the RM designation adds longer-term multi-unit development optionality within Hayward's Medium Density range.
The full inspection and disclosure package is available up front, with known repair scope factored into pricing. Buyer to verify all uses, permits, and licensing requirements with the City of Hayward and applicable state agencies.
Offered at $2,799,800 and delivered vacant, 24952 to 24954 Cypress Avenue is a two-building property totaling approximately 5,790 SF on an approximately 20,100 SF RM lot in South Hayward.
The rear building of approximately 3,760 SF was previously licensed for 14 beds and offers five single-occupancy rooms, five double-occupancy rooms, a commercial-grade kitchen, common and dining areas, wide corridors, and an accessibility-supportive layout. The front building is a 3-bedroom, 2-bath residence of approximately 2,030 SF, refreshed with new paint, updated kitchen surfaces, and modernized lighting.
The pairing gives an owner-operator the ability to live on site, house staff, or generate rental income while running a program in the rear building. The previously licensed configuration supports a faster operational restart for residential care relative to ground-up development, and administrative use permit pathways extend eligible uses to educational, cultural, religious, convalescent, and nonprofit users. For investors, the RM designation adds longer-term multi-unit development optionality within Hayward's Medium Density range.
The full inspection and disclosure package is available up front, with known repair scope factored into pricing. Buyer to verify all uses, permits, and licensing requirements with the City of Hayward and applicable state agencies.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 443-0080-019-02 | Improvements Assessment | $1,459,083 |
| Land Assessment | $368,483 | Total Assessment | $1,888,912 |
Property Taxes
Parcel Number
443-0080-019-02
Land Assessment
$368,483
Improvements Assessment
$1,459,083
Total Assessment
$1,888,912
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Rare Two-Building Community Asset - Value-Add | 24954 Cypress Ave