Valley St. Fourplex | 1369 C St
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Valley St. Fourplex 1369 C St
4 Unit Apartment Building $1,439,900 ($359,975/Unit) 4.32% Cap Rate Hayward, CA 94541
Investment Highlights
- Upside potential
Executive Summary
Below market rents with upside potential! Proforma Cap rate is 7.1% and proforma GRM is 11.21. Triplex plus a house in the heart of Hayward, located close to freeways and BART and close to Castro Valley! Building #1 is 1356 Valley St. which is a Triplex. Unit 1356 is an upstairs apartment built over the 3 garages and is a 2 bedroom, 1 bath unit. Unit 1358 is a ground floor apartment and is a 2 bedroom, 1 bath unit. Unit 1360 is a ground floor apartment and is a 2 bedroom, 1 bath unit. Building # 2 is 1369 "C" Street which is a Queen Anne Victorian detached home consisting of 3 bedrooms and 1.5 baths. All rents are month to month, all four units have separate gas, electric and water meters. The triplex has a separate laundry room and a garage space for each of the three units. The house was built in 1885 and the triplex was built sometime in the late 50's or early 60's.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$81,000
|
$21.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,000
|
$21.49
|
| Taxes |
$19,687
|
$5.22
|
| Operating Expenses |
$3,480
|
$0.92
|
| Total Expenses |
$23,167
|
$6.15
|
| Net Operating Income |
$57,833
|
$15.34
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $81,000 |
| Annual Per SF | $21.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,000 |
| Annual Per SF | $21.49 |
| Taxes | |
|---|---|
| Annual | $19,687 |
| Annual Per SF | $5.22 |
| Operating Expenses | |
|---|---|
| Annual | $3,480 |
| Annual Per SF | $0.92 |
| Total Expenses | |
|---|---|
| Annual | $23,167 |
| Annual Per SF | $6.15 |
| Net Operating Income | |
|---|---|
| Annual | $57,833 |
| Annual Per SF | $15.34 |
Property Facts
| Price | $1,439,900 | Building Class | C |
| Price Per Unit | $359,975 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 3,769 SF |
| Cap Rate | 4.32% | Average Occupancy | 75% |
| Gross Rent Multiplier | 16.41 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $1,439,900 |
| Price Per Unit | $359,975 |
| Sale Type | Investment |
| Cap Rate | 4.32% |
| Gross Rent Multiplier | 16.41 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,769 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.8/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $2,400 | 800 |
| 3+1.5 | 1 | $3,400 | 1,369 |
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 427-0026-008-00 | Total Assessment | $1,485,680 (2024) |
| Land Assessment | $445,704 (2024) | Annual Taxes | $19,687 ($5.22/SF) |
| Improvements Assessment | $1,039,976 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
427-0026-008-00
Land Assessment
$445,704 (2024)
Improvements Assessment
$1,039,976 (2024)
Total Assessment
$1,485,680 (2024)
Annual Taxes
$19,687 ($5.22/SF)
Tax Year
2023
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Valley St. Fourplex | 1369 C St
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