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$10,912,000

FOR SALEActive

550 Berry Avenue

Hayward CA 94544

31,006

SF

Commercial

Type

1960

Built

$352/SF

Cost/SF

50 days on marketNalren refreshed

Listing Agent

Don Sung

Listing Agent

DRE #: 01935797

(408) 282-3800

Brokerage: Colliers Parrish International, Inc.

Location Analysis

MapProperty Location

About This Property

OVER $1 MILLION PRICE REDUCTION! HIGH-QUALITY BUILDING w/ SOLID INCOME & MINIMAL HEADACHES. HIGH-OCCUPANCY. Rarely Available 44 Quality Units in Desirable Jackson Triangle. Peaceful Setting: Amongst Single Family Homes. Quiet Street, Minimal Thoroughfare Traffic. CAP Rate: In-Place 6.75% / Pro-Forma: 8.00%. GRM: In-Place: 9.85 / Pro-Forma: 8.54. Cost/Unit: $248,000/Unit. Cost/SF: $352/SF. Pride-of-Ownership Property. Excellent Curb Appeal. Fully Secured Building. Gated-Community. Park-Like Setting / Secured Perimeter. Unit Mix: (26) Spacious 1 Bedroom/1 Bath (ñ663 SF) Units. (18) Spacious 2 Bedroom/1 Bath (ñ765 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, etc. Peninsula: Visa, Meta, Google, and More

Property Information

Property Overview

Commercial

Property Type

Active

Status

RH (High-Density Resident

Zoning

1.4004 acres

Lot Size

31,006 SF

Square Footage

$351.93/SF

Price per SF

$145,806

Annual Tax

1,960

Year Built

44

Parking Total

1.42

Parking Ratio

Property Highlights

N/A Property

Prime Location with High Visibility

Location Analysis

Map

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