60
See all 60 photos
$12,056,000
Est. payment /mo
1.4 Acres Lot
New
550 Berry AVE Hayward, CA 94544
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82061756
HOA Y/N No
Year Built 1960
Annual Tax Amount $145,806
Lot Size 1.400 Acres
Property Description
Rarely Available 44-Unit Multifamily Asset in Desirable Jackson Triangle Neighborhood. Peaceful Setting: Amongst Single Family Homes. Quiet Street, Minimal Thoroughfare Traffic. CAP Rate: In-Place 6.00% / Pro-Forma: 7.41%. GRM: In-Place: 10.6 / Pro-Forma: 9.2. Cost/Unit: $274,000/Door. Cost/SF: $389/SF. Pride-of-Ownership Property. Excellent Curb Appeal. Fully Secured Building. Remote-Controlled Main Entry Gate. Gated-Community. Park-Like Setting / Secured Perimeter. Excellent Curb-Appeal. Unit Mix: (26) Spacious 1 Bedroom/1 Bath (±663 SF) Units. (18) Spacious 2 Bedroom/1 Bath (±765 SF) Units. Secured Center Courtyard w/ Numerous Tenant Amenities. Durable Rents w/ Upside: Low Historic Vacancy. Low Tenant Turnover. Solid Cashflow. Reposition Ideas: Add Dishwashers, Recessed Lighting, Flooring Upgrades. Capital Improvements: Dual-Pane Windows, Water Heaters, Landscape Lighting, Exterior Painting, Etc. Excellent Connectivity & Access to Major Employers: Public Transit: 1.8 Miles From the Hayward BART Station (9-Minute Bike Ride / 12 Minutes by Bus). Commute: Easy Access to Major Freeways (Highways 92, 880, and 84). Major Employers: Short Commute to Major Employers. East Bay: Tesla, Kaiser, UC Berkley, and More. Peninsula: Visa, Meta, Google, and More
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RH (High-Density Resident
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 44
Roof Type Composition
Total Parking Spaces 44
Building
Water Public
Schools
School District Other
Others
Tax ID 444005405002
Security Features Security Lights
Special Listing Condition Standard
Listed by Don Sung Colliers Parrish International, Inc. #01935797
NEARBY SCHOOL & BUSINESS
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