26
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$3,595,000
Est. payment /mo
0.79 Acres Lot
Open Thu 2PM-3:30PM
19465 Meekland AVE Hayward, CA 94541
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Open House
Thu Jun 04, 2:00pm - 3:30pm
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82049141
HOA Y/N No
Year Built 1957
Annual Tax Amount $42,723
Lot Size 0.792 Acres
Property Description
7.00% Cap Rate property on two parcels in unincorporated Hayward. 12-unit asset across two parcels consisting of nine single-story buildings delivering a low-density, residential feel that drives long-term tenant retention. Meticulously maintained and owner-managed for 30+ years. The unit mix includes (1) 3BD/2BA SFR, (3) 3BD/2BA, (2) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA, capturing demand from families to professionals. All units feature private patios, in-unit W/D hookups, individual water heaters, and separate gas and electric metering. A Livability bill-back program is in place and 37 parking spaces (14 tandem + 9 single) are included. Capital improvements include roofs replaced within the last two years, a new sewer main, newer asphalt, updated subpanels in select units, and double-pane windows throughout. Select units have been renovated with updated baths, new countertops, and marble flooring, with additional upside remaining through continued modernization. 10 of 12 units are eligible for rent increases, offering an immediate path to stronger cash flow. The rear of the site presents ADU development potential under current California legislation, providing an opportunity to expand income and asset value without acquiring new land.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RS D3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Flat,Shingle
Total Parking Spaces 37
Building
Lot Description Paved
Schools
School District Other
Others
Tax ID 429000501502
Special Listing Condition Standard
Listed by Ray Rodriguez Compass #01999734