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27950 Manon Ave
Hayward, CA 94544
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 2,991 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 2.67/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | Fourplex, Hayward | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 2,991 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 2.67/1,000 SF |
| Zoning | Fourplex, Hayward |
AMENITIES
UNIT AMENITIES
- Balcony
- Disposal
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Linen Closet
- Smoke Free
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Gated
- Smoke Free
- Storage Space
- Public Transportation
ABOUT 27950 MANON AVE , HAYWARD, CA 94544
Well-maintained trophy fourplex in gated complex of 4 identical buildings with stable all month-to-month tenants (5, 5, 8, and 9 years)! All tenants signed estoppels and 60-day notices with their rent increasing to $1,600/month effective June 1st for 5.09% cap rate. (Market rent is $2,000 per 12/5/2018 loan appraisal. Two identical units next door rented for $1,850 which would be a 6.20% cap rate so there is tremendous upside potential!) Vacant storage room can generate a bonus $600-$1,000/year rent or laundry room income. Security gated with 2 Ring cameras. Rest of windows are being replaced. Extensive rehab underway for Apt A and Apt C to a lesser extent. Both to be completed by the end of March. Trash/recycling/landscaping/security gate maintenance informally shared with 3 other owners. Complex laundry room next door. Short 16 min walk to South Hayward BART. Tenants all pay rent via automatic ACH checking acct deduction via Cozy.co at no cost to them or landlord. Apt B photos from 2013 - flooring upgraded to laminate wood.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,600 | 734 - 761 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,777,800 | |
| Land Assessment | $761,914 | Total Assessment | $2,539,714 |
PROPERTY TAXES
