Jensen Road
4920 Jensen Road, Castro Valley, CA
For Sale
$4,350,000
Price
5.14%
Cap Rate
$250,094
NOI
Overview
Cap Rate
5.14%
NOI
$250,094
Building Size
7,082 sqft
Lot Area
48,332 acres
Units
14
Occupancy
100%
Year Built
1957
Zoning
Multifamily
Floors
1
Description
Vacancy in the Hayward/Castro Valley/Union City multifamily submarket is 6.5% and has increased 3.4% over the past 12 months. During this period, 580 units have delivered, and 71 units have been absorbed. Despite a substantial increase in availabilities, rents have increased 0.4% over the past year, to around $2,200/month. In the past three years, rents have increased a cumulative 6.9%.
14 cottage style multifamily units, some are stand alone. Each unit is grade level, has attached garage or storage area. In addition, each unit has a backyeard.
Highlights
- Price Adjustment
- Assumable Loan
- Easy Access to I-580
- Possibility for 3 additional units
- Prime 1.1 acres Multifamily Property
- 14 Cottage Style units