20161 Royal Ave Hayward, CA 94541-4710
Property profile & analytics
20161 Royal Ave, Hayward, CA 94541-4710
- Apartment buildings
- 10,031 SF
- 0.47 lot acres
Property ID
US09-7879351
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 20161 Royal Ave
- Year built
- 2009
- Construction
- WOOD
- Lot size
- 0.47 lot acres
- Property type
- Apartment buildings
- APN
- 432-4-5-2
- APU
- 432452
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,230,000
- ML approach
- $3,155,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,245,000
- 6.5%
- $2,995,000
- 7%
- $2,780,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,387,000
Market price range: $1.43M - $3.39M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,420,000 Current use
- RESTAURANT
- $4,930,000 Change: +104% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $4,260,000 Change: +76% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,710,000 Change: +53% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,835,000 Change: +17% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $2,725,000 Change: +13% Conversion: Difficult
- RETAIL STORES
- $2,715,000 Change: +12% Conversion: Difficult
- MEDICAL BUILDING
- $2,675,000 Change: +11% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Alameda
- State
- California
- Longitude
- -122.116
- Latitude
- 37.6692
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$42,357
$795,318
$2,356,500
$3,151,818
-
$0.00
$0.00
$0.00
