20161 Royal Ave Hayward, CA 94541-4710

This exceptional multifamily investment opportunity presents a fully occupied, seven-unit apartment building located at 20161-20173 Royal Ave, Hayward, CA 94541. Built in 2009, this Class B property boasts a total of 10,031 square feet of net rentable space situated on a generous 20,328 square foot lot. The property comprises seven three-bedroom, two-bathroom townhouse-style units, each ranging from approximately 1,269 to 1,794 square feet, plus an additional studio unit of approximately 600 square feet. Ample parking is provided with 18 spaces, including two-car garages for each townhouse unit and two additional guest spaces. The property enjoys a 100% occupancy rate, generating a current Net Operating Income (NOI) of $218,836, and a pro-forma NOI of $236,836, resulting in a current cap rate of 5.47% and a pro-forma cap rate of 5.92%. The asking price is $4,000,000, representing a price per unit of $571,428.57. The property is zoned for apartment houses with five or more units and offers potential for future subdivision, given its design and lot size. Its convenient location in Hayward provides easy access to shopping, dining, entertainment, and schools. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location. The property features a gated community for enhanced security. All units have separate meters.