Vacant-Delivery Quadplex
25583 Spring Drive Hayward, CA 94542
25583 Spring Drive, Hayward, CA, 94542
$1,599,000
For Sale
$1,599,000
Four-unit, two-story building with attached three-car garage and solar panels leased to offset utilities.
Property Size3,196 SF
Price / SF$500.31
Days on Market70
Property Features for 25583 Spring Drive
General Information
- Standard status
- Active
- Size
- 3,196 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1995
Listing agency
Compass
(650) 770-8356
Listed by
Tony Zizzo · License #01962093
(650) 770-8356
Source
Exitrealty
Added: May 14 Updated: Jul 21 at 1:10AM Checked: Jul 21 at 4:53AM
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
Investment Insights
Based on property information with market context.
25583 Spring Drive is a four-unit, two-story multifamily building offering vacant delivery of all units. The unit mix includes three 2BD/2BA residences and one 2BD/1BA unit. Built in 1995, the property totals 3,196 SF on a 6,204 SF lot and includes a three-car garage.
The asset is approximately one mile from Cal State East Bay and is described as positioned between San Francisco, Oakland, and Silicon Valley, with regional connectivity via I-880, Hwy 92, and the South Hayward BART Station. Certain units are described as having in-unit washer/dryer plus central heat and central A/C.
The building is equipped with leased solar panels that are intended to offset common area utility costs, and it includes a tenant utility bill-back structure. The solar lease is noted as assumable.
The asset is approximately one mile from Cal State East Bay and is described as positioned between San Francisco, Oakland, and Silicon Valley, with regional connectivity via I-880, Hwy 92, and the South Hayward BART Station. Certain units are described as having in-unit washer/dryer plus central heat and central A/C.
The building is equipped with leased solar panels that are intended to offset common area utility costs, and it includes a tenant utility bill-back structure. The solar lease is noted as assumable.
Key Highlights
- Four‑unit, two‑story multifamily built in 1995 with 3,196 SF total on a 6,204 SF lot
- Unit mix: (3) 2BD/2BA and (1) 2BD/1BA
- All four units to be delivered vacant for buyer flexibility on tenants and rents
Local Financial Insights For Multifamily LT 5
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 | $103.6k | $32.40 |
| − Vacancy | −$5.1k | −$1.60 |
| EGI | $98.4k | $30.80 |
| − OpEx | −$29.5k | −$9.24 |
| NOI | $68.9k | $21.56 |
3,196 SF · lease $32.40/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$984.4K
$861.3K – $1.15M
NOI $68,905 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$885.6K
$774.9K – $1.03M
NOI $61,990 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$987.9K
$864.5K – $1.15M
NOI $69,156 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit, two-story building with attached three-car garage and solar panels leased to offset utilities.
Where is this quadplex located?
The property is located at 25583 Spring Drive Hayward, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four‑unit, two‑story multifamily built in 1995 with 3,196 SF total on a 6,204 SF lot; Unit mix: (3) 2BD/2BA and (1) 2BD/1BA; All four units to be delivered vacant for buyer flexibility on tenants and rents
