Multifamily Investment Opportunity in
For Sale
$2,985,000
21335 Hathaway Ave, Hayward, CA 94541
Eight-unit multifamily property with strong income and convenient location.
Property Size6,571 SF
Lot Size0.65 Acres
Price / SF$454.27
Days on Market99
Property Features for 21335 Hathaway Ave
General Information
Standard status
Active
Size
6,571 SF
Lot size
0.65 Acres
Property subtype
Investment
Building Details
Year Built
1952
Listing Agency:
Listed By:
James Liu
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 4:55PM
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 James Liu
Investment Insights
Based on property information with market context.
This multifamily property presents an investment opportunity with eight fully occupied rental units. Situated on a 0.65-acre lot (28,400 sq ft), the property includes approximately 6,571 sq ft of total building/living area. The property generates approximately $193,000 in annual gross income, with monthly rental income of about $16,150. Ample parking is available for residents. The location provides convenient access to Interstate 880, offering connectivity to surrounding cities, major employment centers, and amenities.
Key Highlights
- Strong Cash Flow: Generates approximately $193,000 in annual gross income ($16,150 monthly).
- Fully Occupied: All 8 rental units are currently occupied.
- Large Lot Size: Situated on a spacious 0.65‑acre (28,400 sq ft) lot.
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 | $244.4k | $37.20 |
| − Vacancy | −$12.7k | −$1.93 |
| EGI | $231.7k | $35.27 |
| − OpEx | −$104.3k | −$15.87 |
| NOI | $127.5k | $19.40 |
6,571 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,452 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,186 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
822
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 - Eight-unit multifamily property with strong income and convenient location.
Where is this apartment building located?
The property is located at 21335 Hathaway Ave Hayward, CA.
What is the asking price?
The asking price for this property is $2,985,000.
What are key features of this property?
This property features: Strong Cash Flow: Generates approximately $193,000 in annual gross income ($16,150 monthly).; Fully Occupied: All 8 rental units are currently occupied.; Large Lot Size: Situated on a spacious 0.65‑acre (28,400 sq ft) lot.
