20161 Royal AveHayward, CA 94541

Property Details for 20161 Royal Ave

Year built

2009

Construction

WOOD

Lot size

0.47 AC

Property size (Sq ft)

10,031 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

432-4-5-2

APU

432452

Description

This exceptional multifamily investment opportunity presents a fully occupied, seven-unit apartment building located at 20161-20173 Royal Ave, Hayward, CA 94541. Built in 2009, this Class B property boasts a total of 10,031 square feet of net rentable space situated on a generous 20,328 square foot lot. The property comprises seven three-bedroom, two-bathroom townhouse-style units, each ranging from approximately 1,269 to 1,794 square feet, plus an additional studio unit of approximately 600 square feet. Ample parking is provided with 18 spaces, including two-car garages for each townhouse unit and two additional guest spaces. The property enjoys a 100% occupancy rate, generating a current Net Operating Income (NOI) of $218,836, and a pro-forma NOI of $236,836, resulting in a current cap rate of 5.47% and a pro-forma cap rate of 5.92%. The asking price is $4,000,000, representing a price per unit of $571,428.57. The property is zoned for apartment houses with five or more units and offers potential for future subdivision, given its design and lot size. Its convenient location in Hayward provides easy access to shopping, dining, entertainment, and schools. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location. The property features a gated community for enhanced security. All units have separate meters.

• CAP approach

  CAP return

  Valuation

  6%

  $5,744,843

  6.5%

  $5,302,932

  7%

  $4,924,151

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,135,418

  Geo Method

  $4,336,506

• Alternative Use

  Use

  Valuation

  Residential

  $5,302,932

  Hospitality

  $4,857,457

  Educational

  $4,041,347

  Medical

  $4,180,335

  Retail

  $6,286,540

Location Insight

City

Hayward

County

Alameda

State

California

Latitude

37.6692

Longitude

-122.116

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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