Hayward Cottage-Style Apartment
24656 Oneil Avenue Hayward, CA 94544
24656 Oneil Avenue, Hayward, CA, 94544
$3,400,000
For Sale
$3,400,000
Nine-unit apartment community with private garages in Hayward, California.
Property Size7,396 SF
Price / SF$459.71
Days on Market438
Property Features for 24656 Oneil Avenue
General Information
- Standard status
- Active
- Size
- 7,396 SF
Building Details
- Year Built
- 1957
Listing agency
MARCUS & MILLICHAP
Listed by
ADAM S. LEVIN
Source
Corcoran
Added: May 10, 2025 Updated: Mar 16 at 9:09AM Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
Located in Hayward, California, the property at 24656, 24658, 24680 and 24682 Oneil Avenue is a nine-unit cottage-style apartment community. Constructed in 1944, 1956 and 1957, the property has a gross building area of approximately 7,396 square feet. The community is situated on four contiguous parcels of land totaling 37,850 square feet. The property consists of a duplex and seven cottage-style units, all with private garages. The units feature three-bedroom and two-bedroom floor plans, and include in-unit washers and dryers. The property is positioned near employment centers in Oakland (7.5 miles), The Peninsula (14 miles), The Tri-Valley (11 miles), and San Francisco (28 miles). Transportation corridors including Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and several BART stations provide access to these centers.
Key Highlights
- Nine‑unit cottage‑style apartment community.
- Located in Hayward, California, with proximity to major Bay Area employment centers.
- All units have private garages.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $275.1k | $37.20 |
| − Vacancy | −$14.3k | −$1.93 |
| EGI | $260.8k | $35.27 |
| − OpEx | −$117.4k | −$15.87 |
| NOI | $143.5k | $19.40 |
7,396 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,453 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,038 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Nine-unit apartment community with private garages in Hayward, California.
Where is this apartment building located?
The property is located at 24656 Oneil Avenue Hayward, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Nine‑unit cottage‑style apartment community.; Located in Hayward, California, with proximity to major Bay Area employment centers.; All units have private garages.
