12-Unit Single-Story
For Sale
Contact for pricing
19465-19477 Meekland Ave, Hayward, CA 94541
Twelve separately metered units across eight single-story buildings with private patios and 37 parking spaces.
Property Size9,877 SF
Price / SF$363.98
Days on Market70
Property Features for 19465-19477 Meekland Ave
General Information
Standard status
Active
Size
9,877 SF
Total Parking Spaces
37
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Building Details
Year Built
1957
Stories
1
Tenancy
Multi
Listing Agency:
Compass Commercial Real Estate
(415) 345-3000
Listed By:
Tony Zizzo · License #CA#01962093
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Aug 6 at 6:44AM
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 Compass Commercial Real Estate
Investment Insights
Based on property information with market context.
19465–19477 Meekland Avenue is a 12-unit multifamily property consisting of two parcels with eight single-story buildings. The unit mix includes one 3 bed/2 bath single-family home, three 3 bed/2 bath units, four 3 bed/1 bath units, two 2 bed/1 bath units, and two 1 bed/1 bath units. All units feature private patios and in-unit washer/dryer hookups, and each unit has its own water heater. Operationally, units are separately metered for both gas and electricity. The property also has a utility bill-back program in place through Livability.
Recent capital updates include roof replacements within the last two years using pitched composition roofs with wood frame stucco construction. There is also newer asphalt throughout and a new sewer main. Select units have recently updated subpanels, while the remaining electrical subpanels are a mixture of Blakeman Brothers, Square D, and Murray panels. Double-pane windows are present across every unit. Select units have been renovated with updated bathrooms, new countertops, new faucets, and marble flooring.
The property provides a total of 37 parking spaces, including 14 tandem stalls and 9 single stalls. Per the offering, 10 of the 12 units are eligible for rent increases. The site also has rear-area potential for additional detached accessory dwelling units (ADUs) under current California ADU legislation, which could broaden future income options for an incoming owner.
Recent capital updates include roof replacements within the last two years using pitched composition roofs with wood frame stucco construction. There is also newer asphalt throughout and a new sewer main. Select units have recently updated subpanels, while the remaining electrical subpanels are a mixture of Blakeman Brothers, Square D, and Murray panels. Double-pane windows are present across every unit. Select units have been renovated with updated bathrooms, new countertops, new faucets, and marble flooring.
The property provides a total of 37 parking spaces, including 14 tandem stalls and 9 single stalls. Per the offering, 10 of the 12 units are eligible for rent increases. The site also has rear-area potential for additional detached accessory dwelling units (ADUs) under current California ADU legislation, which could broaden future income options for an incoming owner.
Key Highlights
- 12‑unit multifamily across two parcels, with eight single‑story buildings and private patios for all units
- Unit mix: (1) 3 bed/2 bath, (3) 3 bed/2 bath, (4) 2 bed/1 bath, and (2) 3 bed/1 bath, plus (2) 1 bed/1 bath units
- Recent improvements include roof replacements within the last two years and double‑pane windows across every unit
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 | $367.4k | $37.20 |
| − Vacancy | −$19.1k | −$1.93 |
| EGI | $348.3k | $35.27 |
| − OpEx | −$156.7k | −$15.87 |
| NOI | $191.6k | $19.40 |
9,877 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.74M
$2.39M – $3.19M
NOI $191,575 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,722 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 94541, CA
69,736
Population
23,217
Households
3
Avg Household Size
36
Median Age
30%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
9,298
Density / Sq Mi
$106,556
Median Household Income
$52,023
Median Earnings
$2,229
Median Rent
$781,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve separately metered units across eight single-story buildings with private patios and 37 parking spaces.
Where is this apartment building located?
The property is located at 19465-19477 Meekland Ave Hayward, CA.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 12‑unit multifamily across two parcels, with eight single‑story buildings and private patios for all units; Unit mix: (1) 3 bed/2 bath, (3) 3 bed/2 bath, (4) 2 bed/1 bath, and (2) 3 bed/1 bath, plus (2) 1 bed/1 bath units; Recent improvements include roof replacements within the last two years and double‑pane windows across every unit
