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20161-20173 Royal Ave

7 Unit Apartment Building $4,000,000 ($571,429/Unit) 5.56% Cap Rate Hayward, CA 94541

Investment Highlights

  • 7 Townhouse units built in 2009, Fully Occupied!
  • Total 21 beds, 14 baths, Total building size: 10,031 Sq. Ft., Total lot size: 20,328 Sq.ft (0.47 Acre) lot dimensions
  • Built with a subdivision plan design, separate meters for each unit. Potential for subdividing
  • Seven [ 3 beds 2 baths] , Additional studio room of approximately 700 sq. ft.
  • Gross Annual Rent $262K, CAP Rate 5.47%
  • Gated community. Walking distance to schools, shopping centers, and parks

Executive Summary

Text Jun @ 408-827-1383 for questions and OM https://app.disclosures.io/link/20161-Royal-Avenue-vd3x8dv2 • Prime Investment Opportunity! 7 Townhouse units built in 2009, Fully Occupied! • Seven [ 3 beds 2 baths] , Additional studio room of approximately 700 Sq. Ft. • Total 21 beds, 14 baths, Total building size: 10,031 Sq. Ft. Total lot size: 20,328 Sq.ft (0.47 Acre) lot dimensions • Gross Annual Rent $258K, CAP Rate 5%, • Built with a subdivision plan design, separate meters for each unit. Potential for subdividing. • Gated community. Walking distance to schools, shopping centers, and parks • Excellent location in the San Francisco Bay Area,Easy access to Highways 880, 580, and 92 (San Mateo Bridge). Please do not disturb tenants.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $262,200 $9.86
Other Income - -
Vacancy Loss - -
Effective Gross Income $262,200 $9.86
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $262,200
Annual Per SF $9.86
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $262,200
Annual Per SF $9.86
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $4,000,000
Price Per Unit $571,429
Sale Type Investment
Cap Rate 5.56%
Gross Rent Multiplier 17
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Townhome
Building Class C
Lot Size 0.47 AC
Building Size 26,594 SF
Average Occupancy 100%
No. Stories 2
Year Built 2009
Parking Ratio 0.6/1,000 SF

Unit Amenities

  • Balcony

Site Amenities

  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 7 $3,125 1,269 - 1,794
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
432-0004-005-02
Land Assessment
$795,318 (2024)
Improvements Assessment
$2,356,500 (2024)
Total Assessment
$3,151,818 (2024)

zoning

Zoning Code 7700 (MULTIPLE RESIDENTIAL BUILDING OF 5 OR MORE UNITS.)
7700 (MULTIPLE RESIDENTIAL BUILDING OF 5 OR MORE UNITS.)
  • Listing ID: 29426070

  • Date on Market: 9/2/2023

  • Last Updated:

  • Address: 20161-20173 Royal Ave, Hayward, CA 94541

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