Occupied Triplex with Established
24024 Park St, Hayward, CA 94541
For Sale
$1,250,000
Three residential units currently have long-term tenants and established rental histories.
Property Size2,484 SF
Price / SF$503.22
Days on Market62
Property Features for 24024 Park St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
BCRE
Listed By:
Edder Barcenas-Cortez · License #02152984
(510) 206-6526
Source:
Exitrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 24 at 1:52PM
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 BCRE
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Investment Insights
Based on property information with market context.
This 2,484-square-foot triplex, built in 1967, contains three occupied residential units. Each unit has an established rental history, providing continuity of tenancy for an investor acquiring the property.
The property is located on Park Street in Hayward, within a central area offering access to everyday shopping, dining, transportation, employment centers, and major commuter routes serving the East Bay. Its three-unit configuration and current occupancy make it a clearly defined multifamily asset for an income-property portfolio.
The property is located on Park Street in Hayward, within a central area offering access to everyday shopping, dining, transportation, employment centers, and major commuter routes serving the East Bay. Its three-unit configuration and current occupancy make it a clearly defined multifamily asset for an income-property portfolio.
Key Highlights
- Three‑unit multifamily property with all units currently occupied
- 2,484 square feet of property size
- Built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,554
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,080
$1.1M
Cap Rate 7%
$765,057
$765.1K
Cap Rate 9%
$595,044
$595.0K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$80.5K $32.40/SF
− Vacancy
−$4.0K −$1.60/SF
EGI
$76.5K $30.80/SF
− OpEx
−$23.0K −$9.24/SF
NOI
$53.6K $21.56/SF
Area
Hayward, CA
Vacancy
4.94%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,080
Cap Rate 7%
$765,057
Cap Rate 9%
$595,044
Alternative Uses
Best Use
Multifamily LT 5
$765.1K
$669.4K – $892.6K
NOI $53,554 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$688.3K
$602.3K – $803.0K
NOI $48,180 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$767.9K
$671.9K – $895.8K
NOI $53,750 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
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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
$781,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Alameda County, CA
Properties on Market for Triplexes in Alameda County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units currently have long-term tenants and established rental histories.
Where is this triplex located?
The property is located at 24024 Park St Hayward, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑unit multifamily property with all units currently occupied; 2,484 square feet of property size; Built in 1967
