152 Smalley Avenue

Hayward, CA 94541

PRICE INCREASE

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+$65,000 (+2.27%)

$2,925,000

List Price

N/A

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1974

calendar_month Built

Property Description

152 Smalley Ave is an exceptional 12-unit value-add apartment community located in the thriving city of Hayward, California. Situated on a large parcel of land totaling 32,884 square feet, the subject property was originally constructed in 1974 and has a gross building area of approximately 9,640 square feet, offering tenants beautifully designed three-bedroom, two-bedroom, and one-bedroom floor plans. 152 Smalley Ave is a well-positioned asset with close proximity to some of the most prominent employment centers in the Bay Area: Oakland (9 miles), The Peninsula (11 miles), The Tri-Valley (15 miles), Silicon Valley (22 miles), and San Francisco (24 miles). The major transportation corridors of Interstate 880, Interstate 580, the San Mateo- Hayward Bridge, and several BART stations make commuting to these major transpiration centers convenient for tenants. Additionally, the subject property benefits from the discounted rental market in Hayward compared to the surrounding rental markets of Fremont, Dublin, Milpitas, and Foster City with market rents ranging from 16% to 49% higher. This relative affordability and proximity to core Bay Area jobs and amenities should continue to drive robust demand in the rental market and promote landlord pricing power in the near and long term.

Listing Information

List Price $2,925,000
Status Active
MLS ML81971316
HOA $0
Type Commercial
Year Built 1974
Lot Size 32,884
Structure Size N/A
DOM 96
Courtesy Of Marcus & Millichap
Listing Agent Robert Johnston DRE#01853816
Co-Listing Agent Adam S. Levin DRE#01462752

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Robert Johnston, Adam S. Levin, Marcus & Millichap 650-391-1744. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 30th, 2024 at 12:37 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.