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Enrique Ricky Martinez

ricky@housesbyricky.com +1(408) 802-9341

Listed by Ray Rodriguez • Compass, DRE#01999734

$ 3,595,000

Est. payment -/mo

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Open Thu 2PM-3:30PM

19465 Meekland AVE Hayward, CA 94541

10 Beds

7 Baths

9,877 SqFt

Open House

Thu Jun 04, 2:00pm - 3:30pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,877 sqft

Price per Sqft $363

MLS Listing ID ML82049141

Bedrooms 10

Full Baths 7

Year Built 1957

Lot Size 0.792 Acres

Property Sub-Type Five or More Units

Property Description

7.00% Cap Rate property on two parcels in unincorporated Hayward. 12-unit asset across two parcels consisting of nine single-story buildings delivering a low-density, residential feel that drives long-term tenant retention. Meticulously maintained and owner-managed for 30+ years. The unit mix includes (1) 3BD/2BA SFR, (3) 3BD/2BA, (2) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA, capturing demand from families to professionals. All units feature private patios, in-unit W/D hookups, individual water heaters, and separate gas and electric metering. A Livability bill-back program is in place and 37 parking spaces (14 tandem + 9 single) are included. Capital improvements include roofs replaced within the last two years, a new sewer main, newer asphalt, updated subpanels in select units, and double-pane windows throughout. Select units have been renovated with updated baths, new countertops, and marble flooring, with additional upside remaining through continued modernization. 10 of 12 units are eligible for rent increases, offering an immediate path to stronger cash flow. The rear of the site presents ADU development potential under current California legislation, providing an opportunity to expand income and asset value without acquiring new land.

Location

State CA

County Alameda

Area Hayward

Zoning RS D3

Rooms

Kitchen Oven Range - Gas

Interior

Heating Wall Furnace

Cooling Other

Flooring Laminate, Tile

Laundry Hookups Only

Exterior

Parking Features Tandem Parking, Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Wood Shakes / Shingles

Building

Lot Description Paved

Foundation Concrete Slab, Crawl Space

Sewer Sewer - Private

Water Private / Mutual

Others

Restrictions Other

Tax ID 429-0005-015-02

Miscellaneous Other

Security Features Other

Special Listing Condition Not Applicable

Enrique Ricky Martinez

Agent | License ID: 01412926

+1(408) 802-9341

Enrique Ricky Martinez

19465 Meekland AVE Hayward, CA 94541

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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19465 Meekland AVE