7-Unit Apartment
For Sale
$1,400,000
21360 Ocean View Dr, Hayward, CA 94541
Multifamily property with four legal units and three non-conforming units in Hayward’s East Bay area.
Property Size5,055 SF
Days on Market57
Property Features for 21360 Ocean View Dr
General Information
Standard status
Active
Size
5,055 SF
Property subtype
Multi-Family
Building Details
Building Size
5,055 SF
Units
7
Listing Agency:
LL CRE
Listed By:
Brian Leung · License #01203473
(415) 890-0704
Source:
Commercialcafe
Added: Aug 12
Changed: Sep 27
Last Checked: Oct 5 at 3:02PM
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 LL CRE
Investment Insights
Based on property information with market context.
This multifamily property contains seven units within a 5,055-square-foot building on a 15,000-square-foot lot. The configuration includes four legal units and three non-conforming units, providing a larger unit count within a single residential asset.
The property is located in Hayward’s East Bay area, with access to I-880 and Highway 92 for regional transportation. Nearby context includes local services, parks, community centers, dining, and shopping within the surrounding residential community.
The property is located in Hayward’s East Bay area, with access to I-880 and Highway 92 for regional transportation. Nearby context includes local services, parks, community centers, dining, and shopping within the surrounding residential community.
Key Highlights
- Seven‑unit multifamily property with 4 legal units and 3 non‑conforming units
- 5,055 SF building on a 15,000 SF lot
- Located in Hayward within the East Bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,047
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,960,940
$2.0M
Cap Rate 7%
$1,400,671
$1.4M
Cap Rate 9%
$1,089,411
$1.1M
Market Conditions
NOI Build-Up for 5,055 SF
Gross rent
$188.0K $37.20/SF
− Vacancy
−$9.8K −$1.93/SF
EGI
$178.3K $35.27/SF
− OpEx
−$80.2K −$15.87/SF
NOI
$98.0K $19.40/SF
Area
Hayward, CA
Vacancy
5.20%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,960,940
Cap Rate 7%
$1,400,671
Cap Rate 9%
$1,089,411
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.23M – $1.63M
NOI $98,047 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,382 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,181
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with four legal units and three non-conforming units in Hayward’s East Bay area.
Where is this apartment building located?
The property is located at 21360 Ocean View Dr Hayward, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Seven‑unit multifamily property with 4 legal units and 3 non‑conforming units; 5,055 SF building on a 15,000 SF lot; Located in Hayward within the East Bay
