19465 Meekland AVE, Hayward, CA 94541
- $3,595,000
- 9,877
- SqFt
- List Price
- $3,595,000
- MLS#
- ML82049141
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 9,877
- Lot Size
- 34,500
- Listing Area
- Hayward
- Year Built
- 1957
Property Description
7.00% Cap Rate property on two parcels in unincorporated Hayward. 12-unit asset across two parcels consisting of nine single-story buildings delivering a low-density, residential feel that drives long-term tenant retention. Meticulously maintained and owner-managed for 30+ years. The unit mix includes (1) 3BD/2BA SFR, (3) 3BD/2BA, (2) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA, capturing demand from families to professionals. All units feature private patios, in-unit W/D hookups, individual water heaters, and separate gas and electric metering. A Livability bill-back program is in place and 37 parking spaces (14 tandem + 9 single) are included. Capital improvements include roofs replaced within the last two years, a new sewer main, newer asphalt, updated subpanels in select units, and double-pane windows throughout. Select units have been renovated with updated baths, new countertops, and marble flooring, with additional upside remaining through continued modernization. 10 of 12 units are eligible for rent increases, offering an immediate path to stronger cash flow. The rear of the site presents ADU development potential under current California legislation, providing an opportunity to expand income and asset value without acquiring new land.
Additional Information
- Age
- 69
- Amenities
- Other
- Cooling System
- Other
- Energy Features
- Double Pane Windows
- Floor Covering
- Laminate, Tile
- Foundation
- Concrete Slab, Crawl Space
- Garage Parking
- Tandem Parking, Uncovered Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- Hookups Only
- Living Area
- 9,877
- Lot Description
- Paved
- Lot Size
- 34,500
- Neighborhood
- Hayward
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Flat / Low Pitch, Wood Shakes / Shingles
- Sewer
- Sewer - Private
- Special Features
- Other
- Total Number Of Units
- 12
- Zoning
- RS D3
Mortgage Calculator
Listing courtesy of Ray Rodriguez from Compass. 650-405-0743
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