Gated Parking Townhome
29324 Dixon Street Hayward, CA 94544
29324 Dixon Street, Hayward, CA, 94544
$7,495,000
For Sale
$7,495,000
23-unit townhome multifamily with on-site laundry, gated parking, and updated kitchens featuring granite countertops and stainless appliances.
Property Size21,440 SF
Lot Size0.89 Acres
Price / SF$349.58
Days on Market77
Property Features for 29324 Dixon Street
General Information
- Standard status
- Active
- Size
- 21,440 SF
- Lot size
- 0.89 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1963
Listing agency
Marcus & Millichap
(510) 304-8077
Listed by
Robert Johnston · License #01853816
(510) 304-8077
Source
Exitrealty
Added: May 6 Updated: Jul 21 at 3:45PM Checked: Jul 21 at 3:45PM
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
Investment Insights
Based on property information with market context.
The Grand Townhomes at SoHay is a 23-unit multifamily investment property featuring spacious one- and two-bedroom townhomes. Residents benefit from on-site laundry and gated parking. The property was originally built in 1963 and has undergone recent interior and exterior upgrades, including updated kitchens with granite countertops and stainless steel appliances.
Located at 29324 Dixon Street in Hayward, CA, the property is described as offering commuter access via I-880 and I-580, the San Mateo-Hayward Bridge, and nearby BART stations. It is also positioned for proximity to major East Bay employment and healthcare employers, including Tesla, PG&E, Chevron, Kaiser, Sutter Health, and John Muir Health.
With approximately 21,440 square feet of building area on a 38,700 square foot parcel, the asset provides an income-focused townhome configuration with in-building convenience amenities.
Located at 29324 Dixon Street in Hayward, CA, the property is described as offering commuter access via I-880 and I-580, the San Mateo-Hayward Bridge, and nearby BART stations. It is also positioned for proximity to major East Bay employment and healthcare employers, including Tesla, PG&E, Chevron, Kaiser, Sutter Health, and John Muir Health.
With approximately 21,440 square feet of building area on a 38,700 square foot parcel, the asset provides an income-focused townhome configuration with in-building convenience amenities.
Key Highlights
- 23‑unit multifamily townhome property at 29324 Dixon St, Hayward, CA on a 38,700 SF parcel
- Approximately 21,440 SF building area, originally built in 1963
- Spacious 1- and 2‑bedroom townhome layout with on‑site laundry
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 | $797.6k | $37.20 |
| − Vacancy | −$41.5k | −$1.93 |
| EGI | $756.1k | $35.27 |
| − OpEx | −$340.2k | −$15.87 |
| NOI | $415.9k | $19.40 |
21,440 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.94M
$5.20M – $6.93M
NOI $415,852 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.63M
$5.80M – $7.73M
NOI $463,927 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 23-unit townhome multifamily with on-site laundry, gated parking, and updated kitchens featuring granite countertops and stainless appliances.
Where is this apartment building located?
The property is located at 29324 Dixon Street Hayward, CA.
What is the asking price?
The asking price for this property is $7,495,000.
What are key features of this property?
This property features: 23‑unit multifamily townhome property at 29324 Dixon St, Hayward, CA on a 38,700 SF parcel; Approximately 21,440 SF building area, originally built in 1963; Spacious 1- and 2‑bedroom townhome layout with on‑site laundry
