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$2,925,000
Est. payment /mo
0.75 Acres Lot
UPDATED:
12/05/2024 05:10 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81971316
HOA Y/N No
Year Built 1974
Annual Tax Amount $36,517
Lot Size 0.755 Acres
Property Description
152 Smalley Ave is an exceptional 12-unit value-add apartment community located in the thriving city of Hayward, California. Situated on a large parcel of land totaling 32,884 square feet, the subject property was originally constructed in 1974 and has a gross building area of approximately 9,640 square feet, offering tenants beautifully designed three-bedroom, two-bedroom, and one-bedroom floor plans. 152 Smalley Ave is a well-positioned asset with close proximity to some of the most prominent employment centers in the Bay Area: Oakland (9 miles), The Peninsula (11 miles), The Tri-Valley (15 miles), Silicon Valley (22 miles), and San Francisco (24 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. Additionally, the subject property benefits from the discounted rental market in Hayward compared to the surrounding rental markets of Fremont, Dublin, Milpitas, and Foster City with market rents ranging from 16% to 49% higher. This relative affordability and proximity to core Bay Area jobs and amenities should continue to drive robust demand in the rental market and promote landlord pricing power in the near and long term.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RS
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 17
Building
Water Public
Schools
School District Other
Others
Tax ID 4310016039
Special Listing Condition Standard
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Listed by Robert Johnston • Marcus & Millichap