550 Berry Ave, Hayward, CA 94544
- $10,912,000
- 31,006
- SqFt
- List Price
- $10,912,000
- MLS#
- 82061756
- Property Type
- Multifamily
- Sqft. of Residence
- 31,006
- Lot Size
- 61,000
- Region
- Hayward
- Status
- ACTIVE
- County
- Alameda
- Acres
- 1.40
- Year Built
- 1960
- Parking Spaces
- 88
Property Description
OVER $1 MILLION PRICE REDUCTION! HIGH-QUALITY BUILDING w/ SOLID INCOME & MINIMAL HEADACHES. HIGH-OCCUPANCY. Rarely Available 44 Quality Units in Desirable Jackson Triangle. Peaceful Setting: Amongst Single Family Homes. Quiet Street, Minimal Thoroughfare Traffic. CAP Rate: In-Place 6.75% / Pro-Forma: 8.00%. GRM: In-Place: 9.85 / Pro-Forma: 8.54. Cost/Unit: $248,000/Unit. Cost/SF: $352/SF. Pride-of-Ownership Property. Excellent Curb Appeal. Fully Secured Building. Gated-Community. Park-Like Setting / Secured Perimeter. Unit Mix: (26) Spacious 1 Bedroom/1 Bath (?663 SF) Units. (18) Spacious 2 Bedroom/1 Bath (?765 SF) Units. Secured Center Courtyard w/ Numerous Tenant Amenities. Durable Rents w/ Upside: Low Historic Vacancy. Low Tenant Turnover. Solid Cashflow. Reposition Ideas: Add Dishwashers, Recessed Lighting, Flooring Upgrades. Capital Improvements: Dual-Pane Windows, Water Heaters, Landscape Lighting, Exterior Painting, Etc. Excellent Connectivity & Access to Major Employers: Public Transit: 1.8 Miles From the Hayward BART Station (9-Minute Bike Ride / 12 Minutes by Bus). Commute: Easy Access to Major Freeways (Highways 92, 880, and 84). Major Employers: Short Commute to Major Employers. East Bay: Tesla, Kaiser, UC Berkley, etc. Peninsula: Visa, Meta, Google, and More
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Additional Information
- Foundation
- Concrete Perimeter
- Living Area
- 31,006
- Lot Size
- 61,000
- Possession
- Close Of Escrow
- Region
- Hayward
- Roof
- Composition
- Zoning
- RH (High-Density Residential)
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Listing courtesy of Colliers Parrish International, Inc..
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