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
See this Listing
Mortgage Calculator
Schools
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
- Address341 Medford Avenue Hayward CA
- CityHayward
- CountyAlameda
- Zip Code94541
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
341 Medford Avenue
Hayward, CA
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