2540 Grove WayHayward, CA 94546

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.