24039 Park St
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24039 Park St
16 Unit Apartment Building $3,650,000 ($228,125/Unit) Hayward, CA 94541
Investment Highlights
- Under 1 mile from Downtown Hayward & BART
- Ample on-site parking
- On-site laundry facility
- Private spacious backyards in all units
Executive Summary
Colliers is pleased to present 24039 & 24041-24049 Park St in the vibrant Burbank neighborhood of Hayward. Nestled near major highway arteries such as I-580 & I-238, I-880, and CA-92 the property benefits from easy access to the Silicon Valley, Peninsula, San Francisco, and Downtown Oakland. The neighborhood is close to Downtown Hayward, home to myriad of high-end dining, entertainment, shopping options in the area.
24039 & 24041-24049 Park Street is a low-rise apartment community built in 1958 & 1961. The property consists of (10) 1-Bedroom / 1 Bathroom units, (5) 2-Bedroom / 1 Bathroom units and (1) 3 bedroom / 1.5 bathroom unit. The apartments feature carpet & vinyl flooring,
modern wood cabinetry and tremendous natural light from the large windows. The buildings have uncovered parking spaces for tenants and guests. Property amenities include on-site laundry and private backyard space in each unit.
Living at 24039 & 24041-24039 Park St provides residents with a plethora of amenities and entertainment options. Cinemark Century at Hayward, is just a 4-minute drive away and residents can shop at Lucky Grocery Store. While local eateries include Acqua e Farina, Buffalo Bill’s Brewery, Khao Hom, The Bistro and others provide plethora of eating options. Hayward BART station is just under a mile and provides convenient access to Downtown Oakland & San Francisco.
This is an ideal opportunity for an owner/user or an investor to purchase a well-located apartment property with income upside realized through unit renovations.
OFFERING SUMMARY
In Place Cap of 5.56%
$335 Per SF
$228,125 Per Unit
Offered at $3,650,000
24039 & 24041-24049 Park Street is a low-rise apartment community built in 1958 & 1961. The property consists of (10) 1-Bedroom / 1 Bathroom units, (5) 2-Bedroom / 1 Bathroom units and (1) 3 bedroom / 1.5 bathroom unit. The apartments feature carpet & vinyl flooring,
modern wood cabinetry and tremendous natural light from the large windows. The buildings have uncovered parking spaces for tenants and guests. Property amenities include on-site laundry and private backyard space in each unit.
Living at 24039 & 24041-24039 Park St provides residents with a plethora of amenities and entertainment options. Cinemark Century at Hayward, is just a 4-minute drive away and residents can shop at Lucky Grocery Store. While local eateries include Acqua e Farina, Buffalo Bill’s Brewery, Khao Hom, The Bistro and others provide plethora of eating options. Hayward BART station is just under a mile and provides convenient access to Downtown Oakland & San Francisco.
This is an ideal opportunity for an owner/user or an investor to purchase a well-located apartment property with income upside realized through unit renovations.
OFFERING SUMMARY
In Place Cap of 5.56%
$335 Per SF
$228,125 Per Unit
Offered at $3,650,000
Property Facts Under Contract
| Price | $3,650,000 | Building Class | C |
| Price Per Unit | $228,125 | Lot Size | 0.63 AC |
| Sale Type | Investment | Building Size | 13,661 SF |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Apartment Style | Low Rise |
| Price | $3,650,000 |
| Price Per Unit | $228,125 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 13,661 SF |
| No. Stories | 1 |
| Year Built | 1961 |
| Parking Ratio | 1.24/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 5 | - | - |
| 3+1.5 | 1 | - | - |
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Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $148,420 | |
| Land Assessment | $142,318 | Total Assessment | $290,738 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$142,318
Improvements Assessment
$148,420
Total Assessment
$290,738
zoning
| Zoning Code | RM |
| RM |
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24039 Park St
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