Gated Parking Townhome
For Sale
$7,495,000
29324 Dixon Street, Hayward, CA 94544
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 Market91
Property Features for 29324 Dixon Street
General Information
Standard status
Active
Size
21,440 SF
Lot size
0.89 Acres
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
23
Amenities
on-site laundry
gated parking
Building Details
Year Built
1963
Tenancy
Multi
Listing Agency:
Marcus & Millichap
(510) 304-8077
Listed By:
Robert Johnston · License #01853816
(510) 304-8077
Source:
Exitrealty
Added: May 6
Changed: Jul 21
Last Checked: Aug 3 at 3:36AM
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
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 authorities.
Property Analytics
Current Use
Lease Details
23
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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
