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Listed by Tony Zizzo • Compass
$1,599,000
Est. payment /mo
3,196 SqFt
New
25583 Spring Drive Hayward, CA 94542
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,196 sqft
Price per Sqft $500
MLS Listing ID ML82046692
HOA Y/N No
Year Built 1995
Lot Size 6,204 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
25583 Spring Drive offers a rare vacant-delivery multifamily opportunity in Hayward's consistently strong rental market. Ideally situated between San Francisco, Oakland, and Silicon Valley, the property provides excellent regional connectivity via I-880, Hwy 92, and the South Hayward BART Station. Located approximately one mile from Cal State East Bay, the asset benefits from durable rental demand driven by students, faculty, and working professionals. The four-unit, two-story building features (3) 2BD/2BA and (1) 2BD/1BA units, totaling 3,196 SF on a 6,204 SF lot with a three-car garage. Built in 1995, the newer vintage construction offers reduced deferred maintenance and long-term operational durability compared to surrounding East Bay inventory. All four units will be delivered vacant, giving the incoming investor full flexibility to set market rents and select tenants from day one no buyouts, no displacement. Projected gross income of approximately $10,400/month. Select units include in-unit washer/dryer, central heat, and central A/C amenities rarely found at this price point. The building is equipped with leased solar panels that offset common area utility costs, and a tenant utility bill-back structure further strengthens net operating income. Solar lease is assumable.
Location
State CA
County Alameda
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Flooring Laminate
Fireplace No
Window Features Double Pane Windows
Exterior
View City Lights
Schools
School District Hayward (510) 784-2600, Hayward (510) 784-2600
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