About 550 Berry Ave
Rarely Available 44-Unit Multifamily Asset in Desirable Jackson Triangle Neighborhood. Peaceful Setting: Amongst Single Family Homes. Quiet Street, Minimal Thoroughfare Traffic. CAP Rate: In-Place 6.00% / Pro-Forma: 7.41%. GRM: In-Place: 10.6 / Pro-Forma: 9.2. Cost/Unit: $274,000/Door. Cost/SF: $389/SF. Pride-of-Ownership Property. Excellent Curb Appeal. Fully Secured Building. Remote-Controlled Main Entry Gate. Gated-Community. Park-Like Setting / Secured Perimeter. Excellent Curb-Appeal. Unit Mix: (26) Spacious 1 Bedroom/1 Bath (±663 SF) Units. (18) Spacious 2 Bedroom/1 Bath (±765 SF) Units. Secured Center Courtyard w/ Numerous Tenant Amenities. Durable Rents w/ Upside: Low Historic Vacancy. Low Tenant Turnover. Solid Cashflow. Reposition Ideas: Add Dishwashers, Recessed Lighting, Flooring Upgrades. Capital Improvements: Dual-Pane Windows, Water Heaters, Landscape Lighting, Exterior Painting, Etc. Excellent Connectivity & Access to Major Employers: Public Transit: 1.8 Miles From the Hayward BART Station (9-Minute Bike Ride / 12 Minutes by Bus). Commute: Easy Access to Major Freeways (Highways 92, 880, and 84). Major Employers: Short Commute to Major Employers. East Bay: Tesla, Kaiser, UC Berkley, and More. Peninsula: Visa, Meta, Google, and More
Features of 550 Berry Ave
| MLS® # | ML82061756 |
|---|---|
| Price | $12,056,000 |
| Square Footage | 31,006 |
| Acres | 1.40 |
| Year Built | 1960 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 550 Berry Ave |
|---|---|
| Area | Hayward |
| City | HAYWARD |
| County | Alameda |
| State | CA |
| Zip Code | 94544 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Parking Spaces | 44 |
| Garages | Assigned Spaces, Carport , Lighted Parking Area, Uncovered Parking |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Ceiling Fan |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Foundation | Concrete Perimeter, Wood Frame |
Additional Information
| Zoning | RH (High-Density Residential) |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Don Sung |
|---|---|
| Office | Colliers Parrish International, Inc. |
| Contact Info | 650-380-5188 |