25401 Cypress Ave
Hayward, CA 94544
Park Place Apartments · Multifamily Property For Sale · 36 Units

Built in 1962, the Park Place Apartments consists of 18 1bd/1bth units and 18 2bd/1bth units all with tremendous rental upside. Each unit has its own large and private patio area accessible from the kitchen. With 34 of the 36 unit decontrolled, the next Owner can raise rents uninhibited by any oversight, which plagues rent controlled cities throughout the East Bay. The property has undergone significant renovations over the past few years including but not limited to fresh paint, new asphalt, new iron fencing, new wooden fencing, signage, landscaping, and unit remodels. In addition, Cypress Avenue in Hayward has undergone significant improvements over the past few years making it one of the most desirable areas to invest in Hayward. Recent sales on the street show how high demand is for Hayward and this general location. Hayward is known as the Heart of the Bay because of its central and convenient location in Alameda County - 25 miles southeast of San Francisco, 14 miles south of Oakland, 26 miles north of San Jose and 10 miles west of the valley communities surrounding Pleasanton. Serviced by an extensive network of freeways and bus lines, Hayward has two BART stations (Hayward and South Hayward), an Amtrak station, and the Hayward Executive Airport, with easy access to San Francisco, Oakland, and San Jose airports. Hayward has a large number of manufacturing businesses and corporate headquarters, including high-tech companies, and is considered part of the northern extension of Silicon Valley. Important manufacturing concerns in Hayward include Annabelle Candy, Columbus Salame, the Gillig bus company, a Pepsi Production / Distribution center and the Shasta soft drink company. CONTACT STEVEN PINZA, ESQ. FOR A COMPLETE MARKETING PACKAGE