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$5,850,000
Est. payment /mo
0.92 Acres Lot
Open House
Tue Oct 28, 11:00am - 12:30pm
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82025796
HOA Y/N No
Year Built 1965
Annual Tax Amount $69,884
Lot Size 0.924 Acres
Property Description
Comprising 18 spacious units, a balanced mix of (6) three-bedroom townhomes, (6) two-bedroom townhomes, and (6) two-bedroom flatsthis property captures a wide tenant base seeking quality housing in a thriving community. The flat units each offer private outdoor space, while the townhouse units feature private garages, decks, and backyards providing the kind of livability todays renters crave. 22032 Arbor Avenue sits on a generous 40,250-square-foot lot, offering nearly 16,000 square feet of living area. Each unit is separately metered for gas and electricity, and the property is fully SB721 compliant, exempt from Haywards New Tenant Relocation Ordinance, and RUBS-ready for streamlined utility billing. Investors can also tap into additional upside through garage conversions (SB1211), potential condo conversion, or even ADU development across approximately 24,260 square feet of open space subject to approval. With a projected 12% rental upside, this asset delivers both immediate and long-term performance potential. Add in coin-operated laundry income, low-maintenance construction, and a prime location surrounded by major employers like Tesla, Costco, Walmart, and Kaiser Permanente, and you have an investment positioned for strength and sustainability in any market cycle.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning N/Av, Hayward
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Flat,Shingle
Total Parking Spaces 22
Schools
School District Other
Others
Tax ID 4290077030
Special Listing Condition Standard
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Listed by Tony Zizzo Compass
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