21641 Montgomery St
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21641 Montgomery St
14 Unit Apartment Building $2,800,000 ($200,000/Unit) Hayward, CA 94541
Executive Summary
Rare opportunity to acquire an excellent value add property in Hayward’s ‘Cherryland District’. Hayward is Dubbed the ‘Heart of the Bay Area’. This is your chance to own a 14 unit building on two lots (apn's) with a total lot size of 14,441 sq. ft. and an approximate 9,812 sq ft. building! 12 of the 14 units have garages and the other 2 have covered parking!
Huge upside potential! Raise rents through attrition and the updating of units. Bring this current 4.65% cap property to 7.89% or more!!
Discover the potential of this multi-family property located at 21641 Montgomery St. Boasting a collection of 14 uniform 2 bedroom, 1 bath units, each approximately 700 sq. ft., this investment gem is a rare find in today's market. This property offers both convenience and value to discerning investors.
Fresh exterior paint, new exterior common lighting, Pest and Home Inspection available upon request.
Convenience will never be a concern! Situated close to shopping, dining, Highways 880, 580, 92, 84, BART and other transportation allowing you ease of access to major local cities; Oakland, San Francisco, Palo Alto, San Mateo, San Jose; All being within a 30 mile radius.
Unit Mix:
14 -2 Bedroom, 1 Bath Units / Each Approximately 700 sq. ft.
12 Garages and 2 Covered Assigned Parking Spots
Huge upside potential! Raise rents through attrition and the updating of units. Bring this current 4.65% cap property to 7.89% or more!!
Discover the potential of this multi-family property located at 21641 Montgomery St. Boasting a collection of 14 uniform 2 bedroom, 1 bath units, each approximately 700 sq. ft., this investment gem is a rare find in today's market. This property offers both convenience and value to discerning investors.
Fresh exterior paint, new exterior common lighting, Pest and Home Inspection available upon request.
Convenience will never be a concern! Situated close to shopping, dining, Highways 880, 580, 92, 84, BART and other transportation allowing you ease of access to major local cities; Oakland, San Francisco, Palo Alto, San Mateo, San Jose; All being within a 30 mile radius.
Unit Mix:
14 -2 Bedroom, 1 Bath Units / Each Approximately 700 sq. ft.
12 Garages and 2 Covered Assigned Parking Spots
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $2,800,000 | Apartment Style | Low Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Sale Conditions | Bulk/Portfolio Sale | Building Size | 13,100 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Price | $2,800,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 13,100 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 0.86/1,000 SF |
Unit Amenities
- High Speed Internet Access
- Smoke Free
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | - | 700 |
1 of 1
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $766,908 (2024) | |
| Land Assessment | $359,631 (2024) | Total Assessment | $1,126,539 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$359,631 (2024)
Improvements Assessment
$766,908 (2024)
Total Assessment
$1,126,539 (2024)
zoning
| Zoning Code | RH, Hayward |
| RH, Hayward |
-
Ralph Watkins -
Watkins Real Estate
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21641 Montgomery St
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