24656 ONeil Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
24656 ONeil Ave
9 Unit Apartment Building $3,400,000 ($377,778/Unit) 5.43% Cap Rate Hayward, CA 94544
Investment Highlights
- Quaint Freestanding Cottage-Style Investment - Investors have the opportunity to acquire a freestanding 9-unit cottage-style apartment community.
- Tenants are responsible for all utility expenses allowing investors to streamline their financial management.
- The subject property is also located within walking distance to CSU East Bay (0.9 mi), making it highly attractive for student housing demand.
- The subject property is comprised of a duplex and seven individual cottage-style units, each with a private garage.
- The subject properties offer prospective investors flexibility in their exit strategy, enabling them to sell the parcels individually or together.
Executive Summary
24656, 24658, 24680 & 24682 Oneil Ave is a stunning 9-unit cottage-style apartment community located in the thriving city of Hayward, California.
Situated on four contiguous parcels of land totaling 37,850 square feet, the subject property was originally constructed in 1944, 1956 & 1957 and has a gross building area of approximately 7,396 square feet, offering tenants beautifully designed three-bedroom and two-bedroom floor plans with in-unit washers & dryers.
The subject property consists of a duplex and seven cottage-style units all with private garages. 24656, 24658, 24680 & 24682 Oneil Ave is a well-positioned asset with close proximity to some of the most prominent employment centers in the Bay Area: Oakland (7.5 miles), The Peninsula (14 miles), The Tri-Valley (11 miles), and San Francisco (28 miles). The major transportation corridors of Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and several BART stations make commuting to these major transpiration centers convenient for tenants.
In addition, the subject property offers close proximity to many of the nation's top employers including Tesla, PG&E, Chevron, Kaiser, Sutter Health, John Muir Health, as well as many others. The subject property is also located within close proximity to California State University East Bay (0.9 mi). The strong positioning of 24656, 24658, 24680 & 24682 Oneil Ave presents investors the option to pivot and attract a diverse range of residents driven towards the overall value that Hayward provides.
The investment appeal of this asset is driven by Hayward’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 24656, 24658, 24680 & 24682 Oneil Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Situated on four contiguous parcels of land totaling 37,850 square feet, the subject property was originally constructed in 1944, 1956 & 1957 and has a gross building area of approximately 7,396 square feet, offering tenants beautifully designed three-bedroom and two-bedroom floor plans with in-unit washers & dryers.
The subject property consists of a duplex and seven cottage-style units all with private garages. 24656, 24658, 24680 & 24682 Oneil Ave is a well-positioned asset with close proximity to some of the most prominent employment centers in the Bay Area: Oakland (7.5 miles), The Peninsula (14 miles), The Tri-Valley (11 miles), and San Francisco (28 miles). The major transportation corridors of Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and several BART stations make commuting to these major transpiration centers convenient for tenants.
In addition, the subject property offers close proximity to many of the nation's top employers including Tesla, PG&E, Chevron, Kaiser, Sutter Health, John Muir Health, as well as many others. The subject property is also located within close proximity to California State University East Bay (0.9 mi). The strong positioning of 24656, 24658, 24680 & 24682 Oneil Ave presents investors the option to pivot and attract a diverse range of residents driven towards the overall value that Hayward provides.
The investment appeal of this asset is driven by Hayward’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 24656, 24658, 24680 & 24682 Oneil Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
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 | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $3,400,000 | Apartment Style | Garden |
Price Per Unit | $377,778 | Building Class | C |
Sale Type | Investment | Lot Size | 0.87 AC |
Cap Rate | 5.43% | Building Size | 9,006 SF |
Gross Rent Multiplier | 13.68 | Average Occupancy | 100% |
No. Units | 9 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1956 |
Property Subtype | Apartment |
Price | $3,400,000 |
Price Per Unit | $377,778 |
Sale Type | Investment |
Cap Rate | 5.43% |
Gross Rent Multiplier | 13.68 |
No. Units | 9 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 0.87 AC |
Building Size | 9,006 SF |
Average Occupancy | 100% |
No. Stories | 1 |
Year Built | 1956 |
Unit Amenities
- Washer/Dryer
- Kitchen
- Oven
- Tub/Shower
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 8 | - | - |
3+1 | 1 | - | - |
Walk Score ®
Very Walkable (79)
zoning
Zoning Code | MB-CN |
MB-CN |
1 of 18
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
24656 ONeil Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.