21598 Foothill BlvdHayward, CA 94541

Property Details for 21598 Foothill Blvd

Year built

1961

Construction

WOOD

Lot size

1.17 AC

Property size (Sq ft)

22,860 SF

Property type

Hospitality properties

Property subtype

Motels

APN

415-180-79

APU

41518079

Description

Exceptional investment opportunity: The Budget Inn Hayward, a 70-key hotel built in 1967, is offered at $14,275,000. This established property boasts a prime location in Hayward, California, at 21598 Foothill Blvd, 94541, offering excellent visibility and accessibility. The hotel features a mix of room types, including 45 King rooms and 25 rooms with two Queen beds, all designed with modern amenities for guest comfort. Amenities include a fitness center and business center, along with complimentary Wi-Fi throughout. Its strategic location near Interstates 580 and 880, Highways 238 and 92, provides easy access for travelers. The hotel also enjoys views of the Bay Area waters. Currently operational and generating revenue, this property presents a compelling opportunity for investors seeking a successful hospitality venture in Alameda County. Nearby attractions include the Hayward Japanese Gardens, Garin Regional Park, and California State University East Bay, further enhancing its appeal to guests. This is a rare chance to acquire a well-established hotel in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $11,992,316

  6.5%

  $11,069,830

  7%

  $10,279,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,743,692

  Geo Method

  $14,983,324

• Alternative Use

  Use

  Valuation

  Residential

  $12,085,038

  Hospitality

  $11,069,830

  Educational

  $9,209,969

  Medical

  $9,526,714

  Retail

  $14,326,618

Location Insight

City

Hayward

County

Alameda

State

California

Latitude

37.6835

Longitude

-122.089

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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