341 Medford Avenue
Hayward, CA, 94541
$2,000,000
Beds
0 Baths
SqFt
0.44 Acres
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Built in 1989 on a rare, expansive half-acre lot, this 6-unit townhome-style property presents a unique value-add opportunity. A private driveway leads to 3 detached buildings, each housing only 2 units per building and no adjoining walls; creates a sense of privacy rarely found in multi-unit properties. Each unit includes the living area upstairs and a private two car garage below, plus their own individual yards. All units are individually metered and include a spacious living area with fireplace, 1 bedroom, full size bath, washer/dryer hook-ups, private entry, and balcony. The kitchen comes equipped with an electric range, dishwasher, refrigerator, sink with garbage disposal, and plenty of cabinets. A bonus 7th unit (manager’s office) enhances the exceptional offering. All units are currently rented on a month-to-month basis with significant upside potential approximately 28% below market value. Only Statewide Rent Control applies. Vacancy is very low due to the location and uniqueness of this property. Less than 1 mile from Hayward BART and easy access to 580, 880, and San Mateo-Hayward Bridge, makes this a commuter’s dream. Located in the up and coming Cherryland neighborhood near dining, shopping, and entertainment as well as CSU East Bay, Chabot College, Mills College, and major employers of the Bay Area.

Property Details

Price:
$2,000,000
MLS #:
24420249
Status:
Active Under Contract
Baths:
0
Address:
341 Medford Avenue
Type:
Residential Income
City:
Hayward
Listed Date:
Jul 26, 2024
State:
CA
ZIP:
94541
Lot Size:
19,133 sqft / 0.44 acres (approx)
Year Built:
1989
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Interior

Appliances
Dishwasher, Disposal, Refrigerator, Electric Cooktop, Electric Oven
Cooling
None
Fireplace Features
Living Room
Flooring
Carpet, Laminate, Tile
Interior Features
Living Room Balcony, Open Floorplan

Exterior

Foundation Details
Slab
Garage Spaces
12.00
Lot Features
Back Yard, Yard, Rectangular Lot
Parking Spots
16.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Sewer
Other
Spa Features
None
Stories Total
2
View
None
Water Source
Public

Financial

Tenant Pays
Gas, Electricity, Cable T V

Map

Community

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341 Medford Avenue
Hayward, CA