Low-Density 12-Unit Apartment
19465 Meekland Avenue Hayward, CA 94541
19465 Meekland Avenue, Hayward, CA, 94541
$3,595,000
For Sale
$3,595,000
Twelve single-story apartment homes on two parcels with private patios, separate utilities, and 37 parking spaces.
Days on Market43
Property Features for 19465 Meekland Avenue
General Information
- Standard status
- Active
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1957
Listing Agency
Compass
(650) 405-0743
Listed by
Ray Rodriguez · License #01999734
(650) 405-0743
Source
Exitrealty
Added: Jun 5 Checked: Jun 24 at 5:04 am
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
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of 12 apartment units spread across two parcels and nine single-story buildings, offering a low-density residential feel. Unit mix includes one 3BD/2BA single-family-style home, three 3BD/2BA units, two 3BD/1BA units, four 2BD/1BA units, and two 1BD/1BA units. Every unit includes a private patio, in-unit washer/dryer hookups, individual water heaters, and separate gas and electric metering.
The property is located in unincorporated Hayward, offered as a 7.00% cap rate asset per the current marketing materials. There are 37 parking spaces total, including 14 tandem spaces and nine single spaces, plus a Livability bill-back program.
Recent capital improvements include roof replacements 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. Ten of the 12 units are eligible for rent increases, creating an immediate path to improved income. The rear of the site also presents ADU development potential under current California legislation, which may allow for additional income growth without acquiring new land.
The property is located in unincorporated Hayward, offered as a 7.00% cap rate asset per the current marketing materials. There are 37 parking spaces total, including 14 tandem spaces and nine single spaces, plus a Livability bill-back program.
Recent capital improvements include roof replacements 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. Ten of the 12 units are eligible for rent increases, creating an immediate path to improved income. The rear of the site also presents ADU development potential under current California legislation, which may allow for additional income growth without acquiring new land.
Key Highlights
- 12‑unit, low‑density apartment asset built in 1957 across two parcels in unincorporated Hayward
- Unit mix: (1) 3BD/2BA SFR, (3) 3BD/2BA, (2) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA
- Private patios for all units with in‑unit W/D hookups, individual water heaters, and separate gas and electric metering
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FAQs
What type of property is this?
Apartment building - Twelve single-story apartment homes on two parcels with private patios, separate utilities, and 37 parking spaces.
Where is this apartment building located?
The property is located at 19465 Meekland Avenue 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, low‑density apartment asset built in 1957 across two parcels in unincorporated Hayward; Unit mix: (1) 3BD/2BA SFR, (3) 3BD/2BA, (2) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA; Private patios for all units with in‑unit W/D hookups, individual water heaters, and separate gas and electric metering
