2540 Grv Way Hayward, CA 94546-7233
Property profile & analytics
2540 Grv Way Hayward, CA 94546-7233
- Apartment buildings
- 5,996 SF
- 0.32 lot acres
Property ID
US09-8012184
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 2540 Grv Way
- Year built
- 1965
- Construction
- WOOD
- Lot size
- 0.32 lot acres
- Property size
- 5,996 SF
- Property type
- Apartment buildings
- APN
- 416-40-39
- APU
- 4164039
Description
This exceptional mixed-use, multifamily investment opportunity is located at 2540 Grove Way, Hayward, CA 94546, in Alameda County. The property, built in the mid-1960s, consists of seven two-bedroom, one-bathroom units, each averaging 850 square feet. The building sits on a 13,788 square foot lot and offers residents convenient amenities including on-site parking, laundry facilities, and private storage lockers. The property's prime location near the border of Castro Valley and Hayward provides easy access to major transportation arteries, including I-580 and the Castro Valley BART station, connecting residents to San Francisco, Silicon Valley, and the rest of the East Bay. Nearby amenities include Trader Joe's and the Castro Village Shopping Center, offering a wide variety of shopping and dining options. This property presents a strong value-add opportunity for an owner-user or investor seeking a well-located apartment building with potential for moderate renovations. The asking price is $1,850,000, translating to approximately $264,286 per unit and $309 per square foot. One unit includes a garage and backyard. There is no local rent control.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,940,000
- 6.5%
- $1,790,000
- 7%
- $1,660,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,812,000
Market price range: $814k - $2.22M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,630,000 Current use
- RESTAURANT
- $2,950,000 Change: +81% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,545,000 Change: +56% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,215,000 Change: +36% Conversion: Difficult
- OFFICE BUILDING
- $1,945,000 Change: +19% Conversion: Moderate
- RETAIL STORES
- $1,740,000 Change: +7% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,650,000 Change: +1% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $1,630,000 Change: +0% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Alameda
- State
- California
- Longitude
- -122.07
- Latitude
- 37.6863
- 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
$22,279
$382,608
$1,112,708
$1,495,316
-
$0.00
$0.00
$0.00
