688 Grove Way 5 Unit Apartment Building $1,750,000 ($350,000/Unit) 6.02% Cap Rate Hayward, CA 94541

684–692 Grove Way is an exceptionally maintained five-unit multifamily property located in the city of Hayward, CA. The asset consists of one detached single-family home and two duplex buildings, offering a highly desirable and flexible unit mix across three separate structures. Ownership has completed extensive renovations and capital improvements, significantly enhancing the long-term durability and rental appeal of the property. The separate property at 690 and 692 Grove Way containing 2-bedroom, 1.5-bathroom townhomes just received a new roof in 2018, along with new water heaters. The property containing 3-bedroom, 2-bathroom units at 684 and 686 Grove Way received a new roof in 2025, and the units new furnaces in 2019 and 2024, respectively. These units have also been extensively renovated with modern finishes. The detached single-family home at 688 Grove Way, a 2-bedroom, 1-bathroom unit, received a new roof in 2025, a new oven/range in 2024, a new refrigerator in 2024, a new water heater in 2024, and a furnace replacement in 2018. This unit underwent a comprehensive renovation in 2024, providing turnkey living for tenants. All units feature private fenced yards, individual water heaters, and washer/dryer hookups, enhancing tenant convenience and reducing shared utility costs. Additionally, the property includes a large detached storage garage equipped with water and sewer connections, separately metered electricity, and a newly installed Siemens sub-panel—offering excellent potential for additional income or flexible use.