Hayward Multifamily Investment
For Sale
$3,750,000
24598 Sybil Avenue, Hayward, CA 94542
14-unit apartment complex near Cal State East Bay.
Property Size9,800 SF
Price / SF$382.65
Days on Market204
Property Features for 24598 Sybil Avenue
General Information
Standard status
Active
Size
9,800 SF
Property subtype
Multi Family
Building Details
Year Built
1961
Listing Agency:
Coldwell Banker Realty
(650) 726-1100
Listed By:
Matt Aragoni · License #01978236
(650) 483-8949
Source:
Exitrealty
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 12 at 4:57PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14-unit apartment complex presents a prime investment opportunity in downtown Hayward. The property features 14 units, each with 2 bedrooms and 1 bathroom, making them suitable for long-term tenants and student housing. Each unit is separately metered for electricity and gas. On-site amenities include two coin-operated laundry facilities, ample parking, and a shared backyard with a courtyard and BBQ area. The building exteriors have been recently painted. The location is approximately 1 mile from Cal State University East Bay and 1 mile from Downtown Hayward, providing convenient access to shopping, dining, parks, BART Station, and public transit. Major transportation routes, including Hwy 92, I-880, I-580, the San Mateo Bridge, and the Dumbarton Bridge, are easily accessible. Nearby employment and economic drivers include Cal State University East Bay, Hayward Unified School District, Chabot College, St. Rose Hospital, Alameda County, Illumina, Impax Laboratories, Pentagon Technologies, Plastikon Industries, Ultra Clean Technology, and Kaiser Permanente. Located within the Mission Blvd Corridor Neighborhood (MBCN) Specific Plan Area, the property offers redevelopment potential with mixed-use possibilities and the potential to double the number of units under current zoning. The property size is 9800 square feet.
Key Highlights
- Prime Location: Near Cal State East Bay and Downtown Hayward, offering convenient access to shopping, dining, parks, BART, and public transit.
- Strong Investment Potential: Located within the Mission Blvd Corridor Neighborhood (MBCN) Specific Plan Area, allowing for mixed‑use development and potential to double the unit count.
- Separately Metered Units: All 14 units are separately metered for electric and gas, reducing landlord expenses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,082
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,801,640
$3.8M
Cap Rate 7%
$2,715,457
$2.7M
Cap Rate 9%
$2,112,022
$2.1M
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$364.6K $37.20/SF
− Vacancy
−$19.0K −$1.93/SF
EGI
$345.6K $35.27/SF
− OpEx
−$155.5K −$15.87/SF
NOI
$190.1K $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%
$3,801,640
Cap Rate 7%
$2,715,457
Cap Rate 9%
$2,112,022
Alternative Uses
Best Use
Apartment 5plus
$2.72M
$2.38M – $3.17M
NOI $190,082 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $212,056 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 94542, CA
15,691
Population
5,232
Households
3
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
1,804
Density / Sq Mi
$131,989
Median Household Income
$58,093
Median Earnings
$2,605
Median Rent
$1,085,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 14-unit apartment complex near Cal State East Bay.
Where is this apartment building located?
The property is located at 24598 Sybil Avenue Hayward, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Prime Location: Near Cal State East Bay and Downtown Hayward, offering convenient access to shopping, dining, parks, BART, and public transit.; Strong Investment Potential: Located within the Mission Blvd Corridor Neighborhood (MBCN) Specific Plan Area, allowing for mixed‑use development and potential to double the unit count.; Separately Metered Units: All 14 units are separately metered for electric and gas, reducing landlord expenses.
