Renovated Multifamily Asset in
25039 Cypress Ave Hayward, CA 94544
25039 Cypress Ave, Hayward, CA, 94544
Contact for pricing
For Sale
Contact for pricing
Well-maintained 9-unit multifamily property with value-add potential.
Property Size5,904 SF
Price / SF$381.10
Days on Market161
Property Features for 25039 Cypress Ave
General Information
- Standard status
- Active
- Size
- 5,904 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing Agency
Compass Commercial Real Estate
(415) 345-3000
Listed by
Tony Zizzo · License #CA#01962093
Source
Crexi
Added: Feb 6 Checked: Jul 16 at 8:43 pm
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 Compass Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 25039 Cypress Ave is a well-maintained, recently renovated 9-unit multifamily asset located in the East Bay. It features stable in-place cash flow and a value-add opportunity through interior renovations and rent growth. The property consists of one 2-bedroom, 1.5-bathroom townhouse with two dedicated parking spaces, a private backyard, and a balcony, along with eight 1-bedroom, 1-bathroom apartment units. Select units feature outdoor amenities, including two first-floor units with private backyards and six second-floor units with balconies and extra storage located in the tuck-under carports. Meaningful capital improvements have been made, including a new vinyl roof in 2021, new fascia, and double-pane windows, along with 9 covered parking spaces. With original kitchens and varying interior finishes, there is an immediate opportunity to renovate units and capture rental upside. The property is strategically positioned near CSU East Bay and a strong regional employment base, benefiting from consistent rental demand and long-term market fundamentals. The building may offer potential to convert tuck-under parking into additional units without replacement parking requirements under SB 1211. The property includes an on-site laundry room and encompasses approximately 5,904 rentable square feet.
Key Highlights
- Value‑add opportunity through interior renovations and rent increases.
- New vinyl roof (2021), new fascia, and double‑pane windows.
- Located in a dynamic East Bay rental submarket near CSU East Bay and a strong employment base.
Local 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 | $219.6k | $37.20 |
| − Vacancy | −$11.4k | −$1.93 |
| EGI | $208.2k | $35.27 |
| − OpEx | −$93.7k | −$15.87 |
| NOI | $114.5k | $19.40 |
5,904 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,514 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,753 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained 9-unit multifamily property with value-add potential.
Where is this apartment building located?
The property is located at 25039 Cypress Ave Hayward, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Value‑add opportunity through interior renovations and rent increases.; New vinyl roof (2021), new fascia, and double‑pane windows.; Located in a dynamic East Bay rental submarket near CSU East Bay and a strong employment base.
