44-Unit Gated Apartment
550 Berry Avenue, Hayward, CA 94544
For Sale
$10,912,000
Residents have access to a secured central courtyard within a controlled perimeter.
Property SizeContact for details
Days on Market25
Property Features for 550 Berry Avenue
General Information
Standard status
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Listing Agency:
Colliers Parrish International, Inc.
(408) 282-3800
Listed By:
Don Sung · License #CA 01935797
(650) 380-5188
Source:
Tfregroup
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 5:53AM
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 Colliers Parrish International, Inc.
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Investment Insights
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The 44-unit apartment property includes 26 one-bedroom, one-bath residences averaging approximately 663 SF and 18 two-bedroom, one-bath residences averaging approximately 765 SF. A gated perimeter surrounds a central courtyard with tenant amenities. Reported capital work includes dual-pane windows, water heaters, landscape lighting and exterior paint. The property is in Hayward’s Jackson Triangle area, on a quiet street among single-family homes.
The Hayward BART station is 1.8 miles away, with a stated 9-minute bike trip or 12 minutes by bus. Highway access includes Routes 92, 880 and 84. In-place metrics are a 6.75% cap rate and 9.85 GRM; pro forma figures are 8.00% and 8.54, respectively.
The Hayward BART station is 1.8 miles away, with a stated 9-minute bike trip or 12 minutes by bus. Highway access includes Routes 92, 880 and 84. In-place metrics are a 6.75% cap rate and 9.85 GRM; pro forma figures are 8.00% and 8.54, respectively.
Key Highlights
- 44 apartments: 26 one‑bedroom/one‑bath units averaging 663 SF and 18 two‑bedroom/one‑bath units averaging 765 SF
- Gated perimeter and central courtyard with tenant amenities
- In‑place cap rate of 6.75%; pro forma cap rate of 8.00%
Property Analytics
Who owns this building?
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Lease Details
44
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
895
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
$801,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Hayward, CA
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to a secured central courtyard within a controlled perimeter.
Where is this apartment building located?
The property is located at 550 Berry Avenue Hayward, CA.
What is the asking price?
The asking price for this property is $10,912,000.
What are key features of this property?
This property features: 44 apartments: 26 one‑bedroom/one‑bath units averaging 663 SF and 18 two‑bedroom/one‑bath units averaging 765 SF; Gated perimeter and central courtyard with tenant amenities; In‑place cap rate of 6.75%; pro forma cap rate of 8.00%
