Hayward Cottage-Style Apartment
For Sale
$3,400,000
24656 Oneil Avenue, Hayward, CA 94544
Nine-unit apartment community with private garages in Hayward, California.
Property Size7,396 SF
Price / SF$459.71
Days on Market530
Property Features for 24656 Oneil Avenue
General Information
Standard status
Active
Size
7,396 SF
Building Details
Year Built
1957
Listing Agency:
MARCUS & MILLICHAP
Listed By:
ADAM S. LEVIN
Source:
Corcoran
Added: May 10, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 MARCUS & MILLICHAP
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Investment Insights
Based on property information with market context.
Located in Hayward, California, the property at 24656, 24658, 24680 and 24682 Oneil Avenue is a nine-unit cottage-style apartment community. Constructed in 1944, 1956 and 1957, the property has a gross building area of approximately 7,396 square feet. The community is situated on four contiguous parcels of land totaling 37,850 square feet. The property consists of a duplex and seven cottage-style units, all with private garages. The units feature three-bedroom and two-bedroom floor plans, and include in-unit washers and dryers. The property is positioned near employment centers in Oakland (7.5 miles), The Peninsula (14 miles), The Tri-Valley (11 miles), and San Francisco (28 miles). Transportation corridors including Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and several BART stations provide access to these centers.
Key Highlights
- Nine‑unit cottage‑style apartment community.
- Located in Hayward, California, with proximity to major Bay Area employment centers.
- All units have private garages.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,453
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,869,060
$2.9M
Cap Rate 7%
$2,049,329
$2.0M
Cap Rate 9%
$1,593,922
$1.6M
Market Conditions
NOI Build-Up for 7,396 SF
Gross rent
$275.1K $37.20/SF
− Vacancy
−$14.3K −$1.93/SF
EGI
$260.8K $35.27/SF
− OpEx
−$117.4K −$15.87/SF
NOI
$143.5K $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%
$2,869,060
Cap Rate 7%
$2,049,329
Cap Rate 9%
$1,593,922
Alternative Uses
Best Use
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,453 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,038 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
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Business Placement
Demographics for 94544, CA
79,769
Population
23,990
Households
3.3
Avg Household Size
36
Median Age
27%
College-Educated
79%
High-School Grad
11.0 sq mi
ZIP Area
7,252
Density / Sq Mi
$108,358
Median Household Income
$48,926
Median Earnings
$2,339
Median Rent
$801,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit apartment community with private garages in Hayward, California.
Where is this apartment building located?
The property is located at 24656 Oneil Avenue Hayward, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Nine‑unit cottage‑style apartment community.; Located in Hayward, California, with proximity to major Bay Area employment centers.; All units have private garages.
