550 Berry AVE, Hayward, CA 94544
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550 Berry AVE, Hayward, CA 94544
550 Berry AVE, Hayward, CA 94544
550 Berry AVE, Hayward, CA 94544
550 Berry AVE, Hayward, CA 94544
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$ 12,056,000
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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

Lot Size 1.400 Acres

MLS Listing ID ML82061756

Bedrooms 3

Full Baths 2

Property Description

OVER $1 MILLION PRICE REDUCTION! DON'T WAIT. THIS DEAL WON'T LAST. Rarely Available 44 Quality Units in Desirable Jackson Triangle Neighborhood. 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, 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

1-purchase type For Sale

Exterior

Garage 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 Sale Not Applicable


MLSListings Inc. (MLSListings)
Listed by Don Sung of Colliers Parrish International, Inc.
Bought with Don Sung of Colliers Parrish International, Inc.
Anita Mohamed
Anita Mohamed

Broker Associate

+1(347) 903-3025 | stagesite-3.test@chime.me

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550 Berry AVE