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Greg Wang

gregwang168@gmail.com +1(408) 828-6366

Listed by Don Sung • Colliers Parrish International, Inc., DRE#01935797

$ 12,056,000

Est. payment -/mo

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550 Berry AVE Hayward, CA 94544

3 Beds

2 Baths

31,006 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 31,006 sqft

Price per Sqft $388

MLS Listing ID ML82061756

Bedrooms 3

Full Baths 2

Year Built 1960

Lot Size 1.400 Acres

Property Sub-Type Five or More Units

Property Description

Rarely Available 44-Unit Multifamily Asset in Desirable Jackson Triangle Neighborhood. Peaceful Setting: Amongst Single Family Homes. Quiet Street, Minimal Thoroughfare Traffic. CAP Rate: In-Place 6.00% / Pro-Forma: 7.41%. GRM: In-Place: 10.6 / Pro-Forma: 9.2. Cost/Unit: $274,000/Door. Cost/SF: $389/SF. Pride-of-Ownership Property. Excellent Curb Appeal. Fully Secured Building. Remote-Controlled Main Entry Gate. Gated-Community. Park-Like Setting / Secured Perimeter. Excellent Curb-Appeal. 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, and More. Peninsula: Visa, Meta, Google, and More

Location

State CA

County Alameda

Area Hayward

Zoning RH (High-Density Residential)

Rooms

Kitchen Countertop - Granite, Countertop - Stone, Microwave, Oven Range - Electric, Refrigerator

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Hardwood

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport , Lighted Parking Area, Uncovered Parking

Pool Pool - Fenced

Community Features BBQ Area, Community Pool, Community Security Gate

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter, Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 444-0054-050-02

Miscellaneous Security Gate

Security Features Controlled / Secured Access,Secured Garage / Parking,Security Building,Security Lights

Special Listing Condition Not Applicable

Greg Wang

Real Estate Broker License ID: 00960934

+1(408) 828-6366

Greg Wang

550 Berry AVE Hayward, CA 94544

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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550 Berry AVE