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- Thu. Jun. 04 at 2:00pm to 3:30pm
About the Listing ML5012166 - ML5085267,ML5104439
7.00% Cap Rate property on two parcels in unincorporated Hayward. 12-unit asset across two parcels consisting of nine single-story buildings delivering a low-density, residential feel that drives long-term tenant retention. Meticulously maintained and owner-managed for 30+ years. The unit mix includes (1) 3BD/2BA SFR, (3) 3BD/2BA, (2) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA, capturing demand from families to professionals. All units feature private patios, in-unit W/D hookups, individual water heaters, and separate gas and electric metering. A Livability bill-back program is in place and 37 parking spaces (14 tandem + 9 single) are included. Capital improvements include roofs replaced within the last two years, a new sewer main, newer asphalt, updated subpanels in select units, and double-pane windows throughout. Select units have been renovated with updated baths, new countertops, and marble flooring, with additional upside remaining through continued modernization. 10 of 12 units are eligible for rent increases, offering an immediate path to stronger cash flow. The rear of the site presents ADU development potential under current California legislation, providing an opportunity to expand income and asset value without acquiring new land.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Commercial Sale
MLS ®
ML82049141
Year Built
1957
Total Square Footage
9,877
Lot/Acreage
0.79
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Paved,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 37
- Zoning: RS D3
- Roof: Flat,Shingle
- Others:
- Sewer:
Financial Details
- Tax Amount: $42,723
- Taxes w/Assessments: N/A
- Tax/Property ID: 429000501502
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
19465 Meekland Ave Hayward, CA 94541
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