33638 9th St 3 Unit Apartment Building $1,275,000 ($425,000/Unit) 3.52% Cap Rate Union City, CA 94587

33638 9th Street is a well-maintained triplex property located in a desirable Union City neighborhood, just minutes from the Union City BART Station, offering excellent commuter convenience and strong rental appeal. Its proximity to major transit enhances tenant demand and supports long-term value growth in this well-connected East Bay submarket.
The property consists of a two-story building with three spacious two-bedroom/one-bath units, each featuring similar and highly functional floor plans. Unit 3 offers a mirrored layout with an exposed ceiling detail, providing a distinctive architectural element while maintaining overall layout efficiency. The consistent two-bedroom configuration appeals to a broad tenant base seeking practical, comfortable living spaces.
Each unit is individually metered for gas and electricity, minimizing landlord expense exposure and promoting operational efficiency. The building includes three separate water heaters, and every unit benefits from its own oversized private garage complete with an individual washer and dryer—highly desirable amenities that enhance tenant convenience and retention.
The roof was replaced just two years ago, reflecting continued pride of ownership and reducing near-term capital expenditure concerns for a new investor.